Business cycle (See Chapters 2 and 4 of the Vernimmen) Business cycle covers the time from the purchase of raw materials till the sale of the finished goods produced from these raw materials. Customer credit and supplier credit influence the length of the business cycle. The business cycle forms the basis of the company’s wealth. It consists in both: wealth creation (products and services sold, i.e. products and services whose worth is recognised in the market) and wealth destruction (consumption of raw materials or goods for resale, use of labour, use of external services, such as transportation, taxes and other duties). The very essence of a business is to create wealth by means of its business cycle. Business cycle (See Chapters 2 and 4 of the Vernimmen) Business cycle covers the time from the purchase of raw materials till the sale of the finished goods produced from these raw materials. Customer credit and supplier credit influence the length of the business cycle. The business cycle forms the basis of the company’s wealth. It consists in both: wealth creation (products and services sold, i.e. products and services whose worth is recognised in the market) and wealth destruction (consumption of raw materials or goods for resale, use of labour, use of external services, such as transportation, taxes and other duties). The very essence of a business is to create wealth by means of its business cycle. See all terms in the dictionary of finance To know more about it, look at what we have already written on this subject :

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Definitions of terms begining with the same letter as "Business cycle" :

BIMBO Back-stop Back-up line Backdoor equity hypothesis Backwardation Balance sheet Bank guarantee Bank-based economy Bankruptcy Bankruptcy costs Barrier currency option Barrier interest rate option Barrier option Base Basis point Bear market Bearer bond Bearer shares Behavio(u)ral finance Below investment grade Benchmark Benchmark switching Benchmarking

Best efforts basis Beta Beta coefficient Beta is also called beta coefficient. Beta of assets Bid-ask spread Bid-ask spread is also called spread. Bill of exchange Binomial method Black & Scholes Model Black-out period Block Block ownership Blocking minority Bolt-on projects Bond Bond redeemable in shares Bond redemption premium Bond value of the convertible bond Book Book profitability Book value Book value of shareholders’ equity

Book-building Bookrunner Bootstrap game Bootstrapping model Bottom-up approach Bought deal Brands and market share Breakeven Bridge equity Bridge loan Bull market Bullet bond Bullet repayment Business cycle Business loan Buy and hold Buy-in Buy-sell provision Buyer’s credit By-category income statement format By-destination income statement format By-function income statement format By-nature income statement format