Land owned for productive use is referred to as a fixed asset account (not subject to depreciation due to its un-wasting nature) and is listed under the equipment, land, and plant subheading in a balance sheet. It is recorded at…

Launch strategy

A product launch strategy defines several stages of the launch including development, internal testing, external testing, objective and goal setting, positioning, excitement building and event timing.


Number of minutes, hours, or days that must be allowed for the completion of an operation or process, or must elapse before a desired action takes place. See also manufacturing lead time.


Automatic increase (or claims for increase) in pay for a group of employees on the grounds of maintaining pay parity or differential with another group of employees who have won a pay increase.


New knowledge gained from a given experience.


If something has ​legs, it can ​continue to ​exist and be ​successful


A nice corporate-sounding term bandied around in meetings that simply means “get everyone on the same page” or “bring everyone up to speed” so they all have the same basic understanding of a situation or project.


Anything for which a company is legally bound or obligated, as to make good any loss or damage that occurs in a transaction

Line Item

An entry that appears on a separate line in a bookkeeping ledger or a fiscal budget.

Lock Step

At the same ​time and same ​rate as: rise/fall/move in lockstep Gold ​prices don’t tend to ​rise or ​fall in lockstep with those for ​stocks and other ​financial ​assets. ​Agreeing completely with someone: The Senator seems to be in lockstep…

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