A number of businesses develop something called buyer persona to allow themselves to target the right audience as they plan a roadmap for their business.
Market segmentation is a process of dividing your customers and your visitors into segments based on the qualities that they share in common.
Enterprise resource planning refers to a type of software that organizations use to manage day-to-day business activities like accounting, procurement, project management, risk management, customer relationship management (CRM), supply chain operations and so on.
A private limited company is a privately-held business entity. It is held by private stakeholders. The governing body for such a company is the Ministry of Corporate Affairs (MCA).
A limited liability proprietorship is a mix of both a partnership and a company, put together to form a single organisation. It is a formal partnership between at least two business partners.
A sole proprietorship is a one-man business. It is owned and run by an individual. A sole proprietorship is not a legal entity but a description of the type of business.
In business terms, liability is something that the company owes. Generally, it is an obligation or something that you owe somebody.
Asset refers to any useful or valuable thing or a person. In business terminology, asset refers to any kind of monetary value owned by a business.
Unique Selling Proposition or USP is that one thing or a number of things that makes your business better than all your existing competitors.
SKU is a unique code consisting of alphabets and numbers that identifies the characteristics of each product such as the manufacturer, brand, style, size and colour.