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BUSINESS DICTIONARY
The Letter C

Term
Definition
Knowledge Area
YouTube Video
Call to Action (CTA)
Prompt to encourage user behavior
Marketing
Capital
Wealth used to fund business operations
Finance
Capital Expenditure (CapEx)
Funds used to acquire physical assets
Finance
Capital Structure
Mix of debt and equity financing
Finance
Cash Conversion Cycle
Time between outlay and cash recovery
Finance
Cash Flow
Movement of cash in and out of a business
Finance
Cash Reserve
Liquid assets kept for emergencies
Finance
Channel Strategy
Approach to delivering product to market
Marketing or Sales
Chart of Accounts
Organized list of business accounts
Accounting
Chief Executive Officer (CEO)
Top executive responsible for strategy
Leadership
Chief Financial Officer (CFO)
Executive managing company finances
Leadership or Finance
Chief Operating Officer (COO)
Executive overseeing daily operations
Leadership or Operations
Churn Rate
Customer attrition over time
SaaS or Analytics
Click-Through Rate (CTR)
Percentage of clicks on a digital ad
Marketing
Cloud Computing
On-demand remote data storage/services
Technology
Clustering
Grouping similar data points or customers
Analytics
Co-Branding
Two brands collaborating on a product
Marketing
Collateral
Asset pledged for a loan
Finance
Commercial Lease
Rental agreement for business space
Legal or Real Estate
Compensation
Total payment package for employees
HR or Finance
Competitive Advantage
Edge over business rivals
Strategy
Competitive Intelligence
Gathering info about competitors
Strategy or Analytics
Competitive Pricing
Pricing strategy based on rival prices
Marketing
Compliance
Adhering to laws and regulations
Legal or Governance
Consolidation
Merging of financial accounts or businesses
Finance or M&A
Consumer Behavior
Study of how consumers decide to buy
Marketing
Contingency Plan
Backup plan for unforeseen events
Risk Management
Continuous Improvement
Ongoing enhancement of products or processes
Operations/ or Quality
Contract
Legally binding agreement
Legal
Contribution Margin
Revenue minus variable costs
Accounting
Controlling Interest
Ownership giving control of a company
Finance
Conversion Funnel
Stages of a customer journey to purchase
Marketing or Sales
Conversion Rate
Percentage of users who take desired action
Marketing or Analytics
Copyright
Protection of original works
Legal or IP
Core Competency
Unique strength or advantage of a business
Strategy
Corporate Culture
Shared values and behaviors in a company
HR or Leadership
Corporate Social Responsibility (CSR)
Ethical and sustainable business practices
Strategy or Branding
Corporation
Legal entity separate from its owners
Legal
Cost Center
Department that incurs costs but not direct profits
Accounting
Cost Leadership
Competing by having the lowest prices
Strategy
Cost of Goods Sold (COGS)
Direct cost of producing goods sold
Accounting
Cost-Benefit Analysis
Comparing costs and benefits of an option
Strategy
Credit
Borrowed money to be repaid later
Finance
Credit Line
Pre-approved borrowing limit from a lender
Finance
Credit Policy
Guidelines on issuing credit to customers
Finance
Creditworthiness
Ability to repay borrowed money
Finance
Crowdfunding
Raising funds from large group online
Finance
Crowdsourcing
Obtaining input or ideas from a large group
Innovation or Marketing
Current Assets
Assets expected to be used within one year
Accounting
Customer Acquisition
Gaining new customers
Marketing or Sales
Customer Experience (CX)
Overall perception of customer journey
Marketing
Customer Journey
Path customers take from awareness to purchase
Marketing
Customer Relationship Management (CRM)
Managing company interactions with customers
Sales or Technology
Customer Retention
Keeping existing customers over time
Marketing or Sales
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