Expansion

Business Cycle
The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of expansion, peak, recession, trough, and recovery phases.
Economic Cycle
An Economic Cycle refers to the fluctuating levels of economic activity that an economy goes through over a period of time, commonly classified into phases such as expansion, peak, contraction, and trough.
Expansion
An increase in the sales capabilities of a company, often necessary to meet new competitive demands or to open new markets. Expansion can also be the result of high profits, which provide the capital base for increasing the size of the business.
Relocate
Relocating involves moving from one location to another, which can entail moving a business or a residence for various reasons such as expansion, cost reduction, or lifestyle changes.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.