Glossary
Business management glossary
Plain-language definitions for strategy, finance, and operations terms.
Glossary
Business management
3 terms
G
3 terms
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Revenue minus cost of goods sold, showing how much value remains to fund operations. Gross margin, expressed as a percentage, is a key indicator of production efficiency and pricing power.
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The structures, policies, and processes that ensure accountability and ethical management. Good governance defines decision-making authority, oversight responsibilities, and transparency standards across the organization.
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General Data Protection Regulation; EU law that sets rules for collecting, processing, and protecting personal data. GDPR grants individuals rights over their data, including access, rectification, and erasure, and requires organizations to report breaches within 72 hours.
