Some Common Business Abbreviations

Hey Business enthusiasts ,Back with another story.

Yes after a long ,but here to share what I have learned during this interval:)

Photo by Mark König on Unsplash

Here are some commonly used Business Abbreviations which I have heard a lot from the people around.

1. B2B-Business-to-business (B2B), also called B-to-B, is a form of transaction between businesses, such as one involving a manufacturer and wholesaler, or a wholesaler and a retailer. Eg- Microsoft, FedEx, intel, citi, J.P Morgan etc.
2. B2C-The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies. Eg:-Starbucks, McDonald’s, Netflix.
3. SWOT analysis- It is a strategic planning and strategic management technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
4. KPI- key performance indicator is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity in which it engages . Eg- Customer Retention Rate, Conversion Rate etc.
5. P&L -The term profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year.
6. SD-Service delivery is a business framework that supplies services from a provider to a client. In businesses SD% is one of the important KPI.
7. GMV-Gross merchandise value usually referring to the total value of merchandise sold over a given period of time.
8. ROI-Return on investment or return on costs is a ratio between net income and investment.
9. AOV-Average order value (AOV) is the average amount of money each customer spends per transaction with your store. Total revenue / number of orders = average order value.
10. CLV-Customer lifetime value is the predicted revenue that a customer can generate for your business during all their interactions with your products or services.

Will Keep Updating this as and when I find some time. Till then ..