Board of Directors

A Board of Directors is a group of people from outside or inside the company who are elected by shareholders to make long-term, strategic, and broad company policy decisions. Boards can be almost any size, but the most effective boards […]

Board Consent

Board Consent is the consent to some company action by the board of directors for actions or transactions that need director approval. Board consent can be effected at a meeting or in writing.

Blue Sky Laws

Blue Sky Laws are securities restrictions enacted at the state level, established to protect a state’s investors. These regulations prohibit brokers and investment advisors from recommending, soliciting, or discussing any security with a client unless that security is compliant with […]

Bill of Sale

A Bill of Sale an agreement used to transfer physical assets such as equipment, inventory, office supplies, or similar.

Balance Sheet

A Balance Sheet is one of the four main financial statements that provides a summary of a company’s finances at a specific point in time. All balance sheets include a company’s assets, liabilities, and equity. Unlike other financial statements, the […]

Business-to-Consumer (B2C)

B2C is an abbreviation of “Business-to-Consumer.” B2C describes a sales strategy with consumers as the primary customer.

Business-to-Business (B2B)

B2B is an abbreviation of “Business-to-Business.” B2B describes a sales strategy with businesses as the primary customer.

Bleeding Edge

Bleeding Edge is a term used to refer to a product, service, or technology that is so new and innovative that it is too cutting edge for the term “cutting edge.”

Beta Testing

Beta Testing refers to testing performed by the intended customer, with the goal of getting user feedback on the product.

Best Alternative to Negotiated Agreement (BATNA)

A Best Alternative to Negotiated Agreement (BATNA) is a backup plan if no agreement is reached between two parties.