Fiducia TogetherStatutory sick pay
The legal minimum paid to an employee who is off sick, and its limits.
Business A to Z
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
51 terms filed under S, showing 41–50 (page 5 of 6).
S
Stock turn
Also called Inventory turnover, Stock days, Stockholding
How many times a year you sell and replace your stock. Money sitting on shelves is money not doing anything.
Stock valuation
What the stock on your shelves is worth in the accounts. Lower of cost and net realisable value.
Strategy
A choice about where to compete and how to win. If it does not rule anything out, it is not one.
Subject access request
Somebody asking for the personal data you hold about them. One month, usually free.
Subscription business model
Charging repeatedly for continued access. Predictable revenue, and specific rules.
Succession planning
Deciding what happens to the business when you stop. Most owners leave it far too late.
Supplier terms and negotiation
What you pay and when. Negotiable more often than people try.
Supply chain
Also called Procurement, Lead time, Supplier management
Everyone you depend on to deliver what you sell, and how long each of them takes.
Sustainability in practice
Reducing environmental impact in ways that are measurable and honest.
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