What Is the "Language of Business?" List Three Groups Who

question 63

Essay

What is the "language of business?" List three groups who use this financial information.

---

Definitions:

Long-term Contractual

Agreements or obligations that extend over a lengthy period, typically involving ongoing services or commitments.

Just-in-time System

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs through receiving goods only as they are needed in the production process.

Client Specifications

Client specifications are detailed descriptions provided by a client outlining the requirements, standards, and criteria for a project or product.