A company’s revenue which is earned from its main operations or activities minus expenses, such as financing costs, asset sales, etc.

Also called Institutional Advertising. Advertising that promotes a company’s image, rather than marketing its products or services.

Entertainment provided by companies in order to develop good relationships with its employees, customers, other businesses, etc.

The order of rank, position, etc., in a company from junior to senior, which can be progressed or ‘climbed’ by employees.

A term used for an individual or company who purchases large numbers of shares in other companies, against their wishes, in order to gain a controlling interest in the other companies, or to resell the shares for a large profit.

CSR. An obligation of a company to adhere to legal guidelines in order to meet the needs of its employees, shareholders and customers, and also to be concerned about social and environmental issues.

A term which refers to the fact that a company’s shareholders are not liable for the company’s debts, and are immune from lawsuits concerning contracts, etc.

A large company or a group of companies which is legally authorised to act as a single entity, separate from its owners, with its liabilities for damages, debts, etc., limited to its assets so that its shareholders and owners are protected from personal claims.

A tax which limited companies and other organisations, such as societies, clubs, associations, etc., pay on their profits after adjustments for certain allowances.

A study course using written correspondence, books, etc., which are sent to you by post from learning institutes.