A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. If the corporations are engaged in entirely different businesses, the group is called a conglomerate.
Similarly, what are business terms?
Business terms are organized by business categories and by hierarchies. Clearly defined business terms help standardization and communication within a company. Business terms also help to understand information that is used by IT assets by allowing traceability between business terms and IT assets.
What does industries mean in a business name?
How do people decide which term to use in their company name? It's a matter of law. In the US, "incorporated" means a company that follows certain federal & state corporate laws. An industry is an artificial selection of a group of activities that a company, or people, participate in.
What are some business concepts?
What Are the Key Business Concepts?
- Business Model. A business model describes how a company makes money.
- Business Strategy. Strategy is a plan of action designed to achieve a particular goal.
- Business Partners and Allies.
- Marketing a Company.
- Regulations and Compliance.
- Filing Taxes.
- Bookkeeping and Accounting.
- Financial Reporting.
Should I name my business after myself?
Don't Name a company after yourself, unless… According to Alexandra Watkins, founder of Eat My Words, a company that creates brand names for clients, you should not name your business after yourself. Often your name will get forgotten in the mix of all the other company names if you simply use your personal name.