Business encyclopedia
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Filtered results for “L”
We found 6 results starting with the letter “L”
Limited Liability Company (LLC)
An LLC is a business entity with all the protection of a corporation plus the ability to pass through any business profits and losses to your personal income tax return.
Logistics
Logistics is used more broadly to refer to the process of coordinating and moving resources from one location to storage at the desired destination.
Liquidation
Liquidation generally refers to the process of selling off a company’s inventory, typically at a big discount, to generate cash.
Last In First Out (LIFO)
The last in, first out, or LIFO accounting method assumes that sellable assets acquired most recently were sold first.
Leveraged Buyout (LBO)
A leveraged buyout, or LBO for short, is the process of buying another company using money from outside sources.
Loss Leader Pricing
Loss leader pricing is a marketing strategy that involves selecting one or more retail products to be sold below cost – at a loss to the retailer – in order to get customers in the door.