Popular social networking site LinkedIn launched it’s IPO recently and stocks have shot through the roof, growing to almost $100 a share!
The reason we bring this up is not so much to discuss social media or the stock market for that matter, but more to focus on the terms used in these situations. Although terms like IPO, ROI, B2B, and PL are not advanced grammar terms, they are very often seen in the business community. Knowing what these and other similar terms mean is often vital to successful business practices.
Here are the definitions of the business terms used above.
IPO- Initial Public Offering- The first price for which a company offers to sell stock in itself when it moves from private ownership to public trade.
ROI- Return On Investment- The money that a person or company earns as a percentage of the total value of his/her/its assets that are invested. It is calculated thusly:
Return on investment = (Income - Cost) / Cost
B2B- Business To Business- A transaction conducted between a business and another business.
Now it’s your turn. Tell us some common terms associated with your profession.