Category:Business terms

sales promotion: activities, usually short-term, designed to attract attention to a particular product and to increase its sales using advertising and publicity.

sales quota: a target set for the sales force stating the number and range of products or services that should be sold.

sales representative: a salesperson selling the products or services of a particular organization or manufacturer. Sales representatives are sometimes employed directly by a company as part of the sales force or they may work independently and be employed by contract. Sales reps often represent more than one product line from more than one company and usually work on commission.

seasonal business: trade that is affected by seasonal factors, for example, trade in goods such as suntan products or Christmas tress.

seed money: a usually modest amount of money used to convert an idea into a viable business. Seed money is a form of venture capital.

self-employment: being in business on one's own account, either on a freelance basis, or by reason of owning a business. and not being engaged as an employee under a contract of employment.

self-liquidating: providing enough income to pay off the amount borrowed for financing.

service business: A retail business that deals in activities for the benefit of others.

service charge: a gratuity usually paid in restaurants and hotels; a fee for any service provided, or additional fee for any enhancements to an existing service.

setup costs: the costs associated with making a workstation or equipment available for use.

short-term notes: Loans that come due in one year or less.

sole proprietorship: Business legal structure in which one individual owns the business.