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.network glossary
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back office ... an enterprise's internal operations generally not seen by visitors or the public.

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definition of back office / definition of back office facility
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back-to-back:

... consecutive, following immediately one after the other. A back-to-back escrow is one set up to handle the concurrent sale of one property and the purchase of another. A back-to-back lease is an agreement made by a lessor as a concession to a prospective lessee, in which the lessor agrees to take over an existing lease and, in return, secure a commitment from the lessee that he wants. spacer

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definition of abatement / What is a tax abatement?
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balance sheet:

... a financial statement showing assets and liabilities.
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definition of balance sheet
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balloon:

... an installment payment agreement granting the payee the right to make a lump-sum payment at the end of a series of scheduled payments of smaller amounts.
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definition of balloon / definition of balloon payment
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bankroll:

... to provide the funds needed, as if to hand someone a roll of paper money. One who supplies the capital for, say, a new venture startup may be referred to as a bankroller.
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definition of bankroll
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bankruptcy:

... the point at which liabilities exceed assets and there's no way to pay current debts.
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definition of bankruptcy
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basin:

... a area into which a watershed drains.
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definition of basis / definition of drainage basin / definition of river basin
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basis:

... the stated value of an asset used to determine annual depreciation or cost.
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definition of basis
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basis point:

... one-hundredth of one percent as used to describe the amount of change in the market price of a bond or any other debt instrument.
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definition of basis point
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B2B

... Business To Business.
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definition of b2b / what is the meaning of B2B
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B2C

... Business To Consumer.
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definition of B2C / what does B2C mean?
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bench mark:

... a surveyor's permanent reference (PRM) affixed to a durable object and used to establish elevation and altitude above sea level.
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definition of bench mark
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benchmark:

... a standard or base of reference from which specific estimates are made, a precedent or guideline used for making decisions. Benchmarking is used by management as an on-going internal process to measure what one enterprise is doing as compared to another. More about its relationship to enterprise processes in a file provided online by BenchNet.com.
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definition of benchmarking /definition of benchmark
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best practice approach:

... adherence to a strategy, method, process or set of techniques by an individual or organization that, based on research or experience, can reasonably be expected to result in a high level of satisfaction or excellence in achieving the aims of an endeavor. See the .network answer to the question: What is best practice?.
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definition of best practice approach
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best practices:

... guidelines for approaching a purposeful or industrious undertaking in a most excellent way or with an application of proven techniques; a best practice approach. See The Summary of Best Practices for Local Economic Development for an example.
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definition of best practices / what are best practices in economic development
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biannual

... occurring twice per year; semiannual.
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definition of biannual
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biennial

... occurring every two years.
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definition of biennial
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binder:

... that which brings together in an agreement. It makes a binding agreement. For example, a binder is formed by a third party receiving earnest money to be held in trust on behalf of a seller as evidence that the purchaser, in good faith, intends to complete his part of a contract.
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definition of binder
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bird dog:

... to be vigilant in looking after something, for example, a business developer who doggedly networks for information about what is going on with a suspect. It is colloquial to business people familiar with using dogs to track game birds by scent and, therefore, applied as an analogy for the act of tenaciously seeking out prospects or suspected business opportunities.

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definition of bird dog / what is bird dogging
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blind address

... a receiving point that doesn't reveal the identity of who visits or picks up from it. See the expression loose lips sink ships as applied to respect for the things confidential within the enterprise and economic development process. Services are available through the Site Selection Directory for those who are engaged in the process that, in effect, create a blind address.
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definition of blind address
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body of knowledge:

... an aggregate of what is known and understood within, for example the practice of economic development. One of the characteristics of a mature profession is reflected in efforts to organize and catalogue a body of knowledge. For example, the BIDC (Basic Industrial Development Course) was created in the mid-20th century in North America and made a prerequisite to entering the Industrial Development Institute which, in the latter case, is today identified as OU/EDI. For your information BIDC is today BEDC (Basic Economic Development Course). Graduation from the Institute required the writing of a research paper which helped build a reference library at the University of Oklahoma in support the body of knowledge in the field of economic development. Unrelated to what OU/EDI has to offer, The Network contributes to that same body of knowledge. For example, one place to start is with the definition of economic development basics in this glossary. The Network has a online library organized in support of enterprise and economic development.
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definition of body of knowledge for economic development
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boiler plate:

... fixed language used in contracts or advertising copy; standard stuff that's used over and over again without change but is nevertheless necessary, for example in a legal document. Putting together a community profile with boiler plate location data means using site selection standards to organize sections of information so that most economic development prospects can quickly spot what they wantdashadhering to a set of standards for publishing location data also means making it easy for site selectors to compare places of interest.
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definition of boiler plate
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bond

... a promissory note, which is a signed agreement promising payment of a sum of money on demand or at a particular time; a certificate promising payment of a debt.
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definition of bond / definition of promissory note
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book value:

... value of an asset as shown in the accounting records of its owner; a net value after liabilities have been deducted from as sets.
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definition of book value / definition of net assets / definition of net value
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bottom line:

... a statement that pragmatically sums up and points out the essential point(s); the upshot of something said; the succinct point that is the gist of a verbal evaluation; the absolute net or final line of a financial or income statement; the most important point of a summary; a ruthless statement of what is expected in terms of results from an action or strategic plan. For example, in the latter case it can be said that the bottom line charge to every site selector is to find a location where the enterprise developer takes the least risk in choosing it.
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definition of bottom line
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bridge loan:

... an arrangement in which a lender provides to a borrower with money to be used to span the period between loans, for example, between a construction loan and permanent loan.
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definition of bridge loan / definition of construction loan / definition of permanent loan
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broadcast:

... to announce, send out or otherwise make a request to a general recipient group or audience as in the case of a enterprise developer with a tentative project using the Site Selection Directory to publish a request for introductions from contacts along with informational input. This definition stems for radio and television broadcasting. Today we have Internet radio and television broadcasting also. To say one broadcasts online may suggest spam to some but there is no connection to this definition. To broadcast online by publishing a request for responses from all who find it and want to do so is not a ... flooding the Internet with many copies of the same message, in an attempt to force the message on people who would not otherwise choose to receive it. (source of quote; also, see the definition of email spam). To read about broadcasting online requests for input from location data suppliers or other resource and service providers engaged in enterprise and economic development CLICK HERE.
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definition of broadcast a request for location information
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broken link:

... a hyperlink that doesn't work. As you see on this page of definitions, we use links extensively so that, if wanted, you have access to more information. This means you are likely to run across broken links in spite of our best efforts. Personal assistance is readily available to help you overcome any situation where you find a broken link or otherwise see yourself at a dead end. We offer this promise of help with regrets for any inconvenience. spacer

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definition of broken link
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broker:

... an intermediary in a sale or transaction who receives a fee; an arranger of a deal for a fee or percentagedashreal estate brokers act as representatives of owners while real estate consultants represent clients engaged in site selection. Also, see the definition of data broker.
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definition of real estate broker / what does a real estate consultant do?
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brownfield:

... an abandoned, used, real estate site. The term is often associated with the reuse of land that presents environmental challenges, especially stemming from industrial waste disposal. The term rust belt, which is passé, is associated with brownfields because it implies that property is abandoned and left to rust on its site. Resources and links published in the .network library under Brownfield Redevelopment.
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definition of brownfield / what is brownfields redevelopment?
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budget:

... an itemized list of projected expenditures organized for financial management during a specified period of time; funds approved and designated for itemized forecast of total operational expenses; however, an operating budget covers what it costs to run things less a capital budget arrow points to link to support comment select and look for links to more budget definitions. See project budget.
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definition of definition of budget / definition of project budget
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build-to-suit:

... a property constructed and finished-off or retrofitted to lessee or purchaser specifications. A build-to-suit may be included in a lease-purchase deal, wherein a lessor contractually becomes a seller at some point in the future.
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definition of build-to-suit
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bulk email:

... Copy and paste the phrase definition of "bulk mail' in the search box: at the top of this page. Bulk email is defined here to explain that we have instructions available (example) for those who want to contact us. All emails, except from those who previously contacted us and whose addresses are earmarked in the Global Registry of Contacts as acceptable, arrive in bulk at a server where only those having a subject line beginning with the word from are separated and delivered. Bottom line: Emails from spammers and other's who don't follow instructions are cyber-flushed. They waste their own time and resources, not yours and ours.
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importance of the word from in communicating with The Network
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business:

... activities, undertakings, dealings in commercial, industrial, or professional environments or situations where trade occurs or where money changes hands. Wikipedia has more.
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definition of business
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business attraction:

... an economic development marketing term that refers to recruiting efforts aimed at bringing in enterprise development opportunities from outside a location.
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definition of business attraction
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business card

... the universally recognized pocket-size item that shows information about how to contact someone; the primary tool for networking used to bring attention to contact data. Participates in The Network are able to offer thumbnail versions of cards from personal webpages. A thumbnail can be linked to an introduction of services similar to what, for example, a business developer might have the opportunity to say while presenting a paper card.
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definition of business card
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business classifications:

... enterprise operations, trades, or professions in which people work identified by types. The general classifications of types of business include industrial and commercial or they may be broken into for-profit and not-for-profit (nonprofit). The North American Industry Classification System (NAICS), which includes such business classifications as trade, retail, services, and information sectors is listed among resources in Site Location Assistance.com as is NAPCS (North American Product Classification System).
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definition of business classifications / industry classifications / enterprise classifications
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business decision maker:

... expression that describes all who are involved in commercial activities as a means of livelihood or profit and, in addition, have the authority to act as change agents; one within a business enterprise having a concern and responsibility for risk management; an enterprise developer or operations overseer who attempts to control uncertainties by influencing or determining what results are to be expected from plans and activities. See information about members of the target audience of The Network under its introduction for examples of some types of business decision makers. Wikipedia lists six management stages that business decision makers go through as change agents. It behooves all business decision makers to include networking as a means of gathering information and understand voice of the customer.
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definition of business decision maker / definition of business risk taker
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business development:

... an enterprise activity often referred to as new business development (a precursor to a sale); a direct marketing activity which has networking as its most effective means of building and maintaining working relationships, as opposed to advertising, for example, which is an indirect form of marketing. See Wikipedia for more information. Also, as an expression business development is interchangeable with industrial development and enterprise development.
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definition of business development / definition of direct marketing
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business development networking:

... a new business development effort that involves direct contact with a prospect a prospectdashsee the definition of business development above and business networking below.
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definition of new business development / definition of business development networking
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business enterprise:

... an operating entity within a business environment dedicated to making a profit from the sale of goods and/or services. A business is an enterprise but not all enterprises are businesses. A government operation such as military base may be seen as economic enterprises when, for example, civilian employees and contractors are hired from the region that surrounds it, thus it is seen as a contributor to to local economic development.
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definition of business enterprise
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business expansion:

... an enterprise development effort that increases the size of operations; a phase of enterprise development in which assets, such as facilities, are added; a business development effort to increase customer base, market or the size of the market area served. Market area is the region(s) in which a seller searches for or meets with buyers. Its the place as a defined geographic area worked by a business with the expectation of transactions with customers or clients. Business expansion is one of three three areas of opportunity for economic development - business attraction and business retention are the other two.
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definition of business expansion / definition of market area
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business incubation:

... a process of growing startup enterprises - see the website of the National Business Incubation Association (USA) for that organization's definition.
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definition of business incubator / definition of business incubation
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business location work ... site selection.
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definition of business location work / definition of business location services
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business networking:

... an essential activity within the enterprise and economic development process. Plans or projects don't move forward without building and maintaining working relationshipsdashmore.
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definition of business networking
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business operations:

... the process or series of actions taken that make an enterprise functional; the method that requires management on a day-to-day in order to keep an enterprise in business as planned.
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definition of business operations / what is a business operation?
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business plan:

... any type of basic management tool for guiding an enterprise through an endeavor on into its future. See Elements of a Business Plan published in Entrepreneur.com (more about business plans from Entrepreneur.com). Also, see Enterprise Development / Starting on the Path to Success in the online resource paper An Introduction to the Enterprise Development Process. Copy and paste basics business plan in the search box at the top of this page and Google for more business planning resources or try business planning resources.
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definition of business plan / what is a business plan?
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business retention:

... an effort by an enterprise to keep customers; an effort by a community to protect its economic well-being by doing things to hold on to existing enterprises. If a community has only $1.00 to spend on economic development, it should be spent on business retention ... paraphrased statement by Joan Herron at a meeting of economic developers in 2001. See the definitions of business expansion and business attraction also.
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definition of business retention
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business venture:

... to set out on a venture by placing capital and/or time at risk; an operation of enterprise with an indication that there is a degree of risk involved; a commercial enterprise (one connected with buying and selling of goods and/or services); an industrial enterprise (one connected with producing and distributing items for a market); an entrepreneurial effort.
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definition of business venture / definition of commercial enterprise
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link: .network help / intro

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[B] page in the .network glossary / page in an alphabetical series

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