revenue which is earned from its main operations or activities minus expenses, such as financing costs, asset sales, etc.Corporate Advertising - Also called Institutional Advertising. Advertising that promotes a company's image, rather than marketing its products or services.Corporate Hospitality - Entertainment provided by companies in order to develop good relationships with its employees, customers, other businesses, etc.Corporate Ladder - The order of rank, position, etc., in a company from junior to senior, which can be progressed or 'climbed' by employees.Corporate Raider - A term used for an individual or company who purchases large numbers of shares in other companies, against their wishes, in order to gain a controlling interest in the other companies, or to resell the shares for a large profit.Corporate Social Responsibility - CSR. An obligation of a company to adhere to legal guidelines in order to meet the needs of its employees, shareholders and customers, and also to be concerned about social and environmental issues.Corporate Veil - A term which refers to the fact that a company's shareholders are not liable for the company's debts, and are immune from lawsuits concerning contracts, etc.Corporation - A large company or a group of companies which is legally authorised to act as a single entity, separate from its owners, with its liabilities for damages, debts, etc., limited to its assets so that its shareholders and owners are protected from personal claims.Corporation Tax - A tax which limited companies and other organisations, such as societies, clubs, associations, etc., pay on their profits after adjustments for certain allowances.Correspondence Course - A study course using written correspondence, books, etc., which are sent to you by post from learning institutes.Corruption - Lack of honesty or integrity. Illegal behaviour, such as bribery, by people in positions of authority, e.g. politicians.Cost Accounting - Managerial accounting which calculates, records and controls the operating costs of producing goods or services.Cost-centre - Part of a business or organisation such as a marketing department, or quality assurance department, which is a cost to operations and does not produce external customer revenues or profit through trading. See Profit-centre, which trades with external customers and is responsible for producing profit.Cost Control - A management process which ensures that departments within a company or organisation do not exceed their budget.Cost Cutting - Reducing an individual's, company's, etc, expenditure.Cost Effective - Producing a product, offering a service, etc., in the most economical way to the benefit of the company and the customer.Cost Leader - A company which has a competitive advantage by producing goods or offering services at a lower cost than its competitors.Cost Of Living - The standard cost of basic necessities which people need to live, such as food, housing and clothes.Cost Of Living Allowance - COLA. A salary supplement which a company pays to employees because of an increase in the cost of living.Cost Of Sales - Also known as Cost Of Goods Sold (COGS). The cost of providing a service or manufacturing a product, including labour, materials and overheads.Cost Overrun - The amount by which the actual cost of a project, etc.,