BUSINESS LAW

VARIABLE COSTS Those costs of doing business such as cost of goods, shipping, handling and storage, sales commissions, etc., which are directly related to the sales of goods or services. VENDOR IDENTIFICATION PROGRAM (VIP) The Vendor Identification Program (VIP) assists small businesses by identifying government purchasers for the items they produce for large defense contractors. […]

WAIVER OF THE NONMANUFACTURER RULE Section 303 (h) of Public Law 100-656 and Section 210 of Public Law 101-574 incorporated into the Small Business Act requires that agency contracts be directed solely to small business manufacturers under set-aside provisions. This requirement is commonly referred to as the Nonmanufacturer Rule. The Small Business Act also contains […]

About The U.S. Chamber of Commerce The U.S. Chamber of Commerce is the world’s largest business federation representing more than 3 million businesses of all sizes, sectors, and regions. It includes hundreds of associations, thousands of local chambers, and more than 100 American Chambers of Commerce in 91 countries. Whether you own a business, represent […]

Small Business Development Centers, Small Business Administration Located throughout the United States, Small Business Development Centers (SBDCs) pro­vide a range of technical and export assistance, particularly to small companies that are new to exporting. Such assistance includes counseling, training, and managerial support. Their counseling services are free to the small business exporter, but there may […]

Service Corps of Retired Executives, Small Business Administration SCORE, which consists of locally chartered volunteer organizations funded by the U.S. Small Business Administration (SBA), pro­vides free, expert, problem-solving assistance to small businesses. Helping American small businesses to prosper has been SCORE’S goal since the program began in 1964. SCORE tries to match counselor experience with […]

UNDELIVERED ORDERS The amount of orders for goods and services outstanding for which, the liability has not yet accrued. For practical puproses represents obligations incurred for which goods have not been delivered or services not performed. UNFAIR LABOR PRACTICE Action by either the employer or the union which violates the provisions of Executive Order 11491 […]