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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. Five hundred of them, in plain English.

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.

30 terms filed under R, showing 21–30 (page 3 of 3).

R

Reverse charge

Also called Domestic reverse charge, VAT reverse charge

A VAT rule that moves the obligation to account for the tax from the supplier to the customer.

Reverse logistics

Handling returns. A cost centre that is also a retention opportunity.

Right to work

Also called Right to work check, Illegal working

Checking that someone may legally work in the UK, before they start. A statutory duty with large civil penalties.

Risk register

A written list of what could go wrong, how likely it is, how bad it would be, and who is doing something about it.

ROAS

Also called Return on ad spend, ROI on advertising

Revenue produced per pound of advertising. Looks like profitability and is not.

Rules of origin

Where goods count as being from, which decides whether a trade deal's rates apply.

Runway

Also called Cash runway

How many months you can keep going before the money runs out at the current rate.

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