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BUSINESS DICTIONARY
The Letter N
Term | Definition | Knowledge Area | YouTube Video |
|---|---|---|---|
Name Recognition | Degree to which a brand or company is known by the public | Branding | |
Narrowcasting | Delivering targeted messages to niche audiences | Marketing or Media | |
Natural Monopoly | Market with high fixed costs leading to single supplier dominance | Economics | |
Natural Resources | Raw materials used in production | Economics or Sustainability | |
Needs Assessment | Evaluation of learning or resource gaps | HR or Training | |
Negative Cash Flow | Outflows exceeding inflows in a given period | Finance | |
Negative Equity | When liabilities exceed asset value | Finance or Real Estate | |
Negotiation | Process of reaching a mutually beneficial agreement | Business Skills | |
Net Asset Value (NAV) | Value per share of a mutual fund or ETF | Finance or Investments | |
Net Book Value | Asset value after depreciation | Accounting | |
Net Contribution Margin | Revenue minus variable costs per unit | Finance | |
Net Domestic Product (NDP) | GDP minus depreciation of capital goods | Economics | |
Net Export | Difference between a country’s exports and imports | Economics | |
Net Income | Company’s total earnings or profit | Finance or Accounting | |
Net Lease | Lease where tenant pays base rent + other costs | Real Estate or Legal | |
Net Margin | Net profit as a percentage of revenue | Finance | |
Net Operating Income (NOI) | Revenue from operations minus operating expenses | Real Estate or Finance | |
Net Operating Loss (NOL) | Situation where a company’s expenses exceed income | Accounting or Tax | |
Net Present Value (NPV) | Value of future cash flows discounted to present | Finance or Investment | |
Net Promoter Score (NPS) | Metric measuring customer loyalty and satisfaction | Customer Experience | |
Net Realizable Value (NRV) | Value expected from selling an asset minus costs | Accounting | |
Net Revenue Retention (NRR) | Growth metric for recurring revenue businesses | SaaS or Finance | |
Net Sales | Revenue minus returns, allowances, and discounts | Finance or Sales | |
Net Working Capital | Current assets minus current liabilities | Finance | |
Net Worth | Total assets minus total liabilities | Finance | |
Networking | Building professional relationships for opportunities | Business Development | |
New Hire Orientation | Introduction process for newly hired employees | HR | |
New Product Development (NPD) | Process of bringing new products to market | Product Management | |
New Venture | Newly established business or startup | Entrepreneurship | |
Niche Market | Specific, well-defined segment of a larger market | Marketing | |
Nominal Value | Face value of a bond or security | Finance or Accounting | |
Nominee Shareholder | Individual holding shares on behalf of another party | Legal or Finance | |
Non-Binding Agreement | Document outlining terms without legal obligation | Legal or Negotiations | |
Non-Cash Expense | Expense not involving cash outlay (e.g., depreciation) | Accounting | |
Non-Compete Clause | Agreement preventing employees from joining competitors | Legal or Employment | |
Non-Conformance Report (NCR) | Documented deviation from standards or procedures | Quality or Compliance | |
Non-Current Assets | Long-term investments or fixed assets | Accounting | |
Non-Disclosure Agreement (NDA) | Contract preventing the sharing of confidential information | Legal or Contracts | |
Non-Executive Director | Board member not involved in daily operations | Corporate Governance | |
Non-Governmental Organization (NGO) | Independent group focused on social or public missions | Nonprofit | |
Non-Monetary Compensation | Employee benefits not paid in cash (e.g., perks, recognition) | HR | |
Non-Profit Organization | Entity operating for a mission, not for profit | Legal or Business Type | |
Non-Recurring Item | One-time gain or loss not expected to repeat | Accounting or Reporting | |
Non-Tariff Barriers | Restrictions on trade not involving tariffs | International Trade | |
Notice Period | Time required between resignation and final working day | HR or Employment | |
Notice of Termination | Formal statement to end employment or agreement | HR or Legal |
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