top of page

BUSINESS DICTIONARY
The Letter W

Term
Definition
Knowledge Area
YouTube Video
Wage
Payment to employees based on time worked or output
HR or Compensation
Wage Garnishment
Court-ordered deduction from wages to pay debt
Legal or Finance
Wage Inflation
General increase in wages across the market or economy
Economics or HR
Wage Structure
Organization's framework for salary levels
HR or Compensation
Warranty
Guarantee provided on product quality or repair
Legal or Sales
Warranty Claim
Request to repair/replace a product under warranty
Customer Service
Web Accessibility
Ensuring websites are usable by people with disabilities
Technology or Compliance
Web Analytics
Measurement of website performance and user behavior
Digital Marketing
Web Development
Creating and maintaining websites and web apps
Technology or Marketing
Web Hosting
Service that provides server space for websites
Technology
Web Presence
Visibility of a business or brand online
Marketing
Webinar
Online seminar used for training, promotion, or discussion
Marketing or Training
Website Optimization
Improving website performance for speed, SEO, and user experience
Digital Marketing
Website Traffic
Number of visitors to a website over time
Marketing or Analytics
Whistleblower
Person reporting illegal or unethical activity within an organization
Legal or Compliance
White Paper
In-depth authoritative report on a specific topic
Marketing or Thought Leadership
Wholesaler
Business that sells goods in bulk, typically to retailers
Sales or Supply Chain
Wholesaling
Selling products in large quantities to retailers, not end-users
Business Model
Wire Transfer
Electronic transfer of funds between banks or institutions
Finance or Banking
Withdrawal
Removal of funds from an account
Banking or Finance
Word of Mouth (WOM)
Free promotion via customer recommendations
Marketing
Wordmark
Text-only logo using a business’s name in a stylized font
Branding
Work Breakdown Structure (WBS)
Decomposition of a project into manageable tasks
Project Management
Work Order
Document directing a task or maintenance service
Operations or Maintenance
Work-Life Balance
Equilibrium between professional and personal life
HR or Well-being
Workflow
Sequence of processes through which tasks are completed
Operations or Technology
Workforce
Total number of employees in an organization
HR
Workforce Diversity
Inclusion of various demographic and cultural backgrounds in the workplace
HR
Workforce Planning
Ensuring the right number of employees with the right skills are available
HR or Strategy
Working Capital Ratio
Current assets divided by current liabilities
Finance
Working Remotely
Performing job duties outside a traditional office setting
HR or Operations
Workplace Culture
Shared values, practices, and attitudes in a work environment
HR or Leadership
Workplace Safety
Practices to ensure physical and mental well-being at work
HR or Compliance
Write-Off
Declaring an asset or debt as uncollectible or obsolete
Accounting or Tax
Written Communication
Formal messaging in reports, emails, policies, etc.
HR or Business Operations
bottom of page