There are many terms used in business that we use but are not always entirely sure of its real definition. Here are some examples

• Leaseback: This is a business arrangement between the buyer of a property and the seller of the property whereby the seller immediately leases the property back from the buyer. This is a method of freeing up capital
• Lease Purchase: This is a type of finance agreement in which the item – in a company this is often with cars, is leased for an agreed period of time with an option to buy the item at the end of the contract
• Niche Market: this is a specialised market for goods or services in which a particular product is sold to a defined type or group of customers. This is often a product or service for which there is sometimes little overall demand but also often little competition
• Outsourcing: This is a business arrangement where one company produces goods or provides services for another company this is usually in the same country,
• Supply chain: This is a series of companies linked together because they are all involved as suppliers in the same manufacturing process as the product passes from raw materials to manufacturer, through distribution and retailing and then finally reaches the end customer
• Umbrella Companies: These are companies that operate as employers to agency contractors working on fixed-term contract assignments, often through an employment agency in the UK. Umbrella companies are suitable for contractors who want minimal input for administration and paperwork.
• Viral Marketing: This is also known as Word of Mouth. This is a marketing technique which encourages people to pass on information about a product (this may be, for example, by email).