20+ Commonly Used Business Acronyms You Should Know & More

From acronyms like “ROI” to the enigmatic “KPI,” these business expressions seem everywhere you turn. Sometimes it even feels like all these acronyms are a whole other language. 

But What’s the Point of Them?

  • They save time.
  • They keep communication concise and to the point.
  • They save space on company letters, cover letters, and resumes.
  • They ease business communication.

Don’t worry; in this blog post, we’re going to dive headfirst into the world of business acronyms from the ones you hear every day to the ones you may not even believe are a real thing. So let’s dive in and see what acronyms and corporate lingo are out there, and maybe you’ll learn a few that you’d like to start using. 

First Things First, What’s An Acronym? 

An acronym is an abbreviation formed from the first letters of other words to create a new, shorter word. Many acronyms are pronounced as a regular word (e.g., NASA), but others are said by spelling out the individual letters (e.g., BBC). Here are some examples of acronyms:

  • NASANational Aeronautics and Space Administration
  • AKAAlso Known As
  • ASAPAs Soon As Possible

10 Commonly Used Business Acronyms

There are a ton of acronyms out there, some more formal or informal than others.  But here’s a list of commonly used acronyms that were born in the office for the office. 

  1. EOW: End Of Week
  2. EOD: End Of Day
  3. OOO: Out Of Office
  4. N/A: Not Applicable
  5. TBD: To Be Decided
  6. AWOL: Absent Without Leave
  7. ETA: Estimated Time Of Arrival
  8. PTO: Paid Time Off
  9. NWR: Not Work Related
  10. Re: Referring to

18 People and Department Acronyms 

It’s safe to say that we’ve all heard of a CEO and VP before, but there are some positions and departments you may not have heard of or know their acronyms. So here you go! 

  1. CEO: Chief Executive Officer
  2. CFO: Chief Financial Officer
  3. COO: Chief Operating Officer
  4. CTO: Chief Technology Officer
  5. VP: Vice President
  6. AE: Account Executive
  7. HR: Human Resources
  8. PM: Product Manager/ Project Manager
  9. QC: Quality Control
  10. QA: Quality Assurance
  11. R&D: Research & Development
  12. MDR: Marketing Deverlopent Representative
  13. SDR: Sales Development Representative
  14. BD: Business Development
  15. CSR: Corporate Social Responsibility
  16. PR: Public Relations 
  17. PA: Personal Assistant
  18. HQ: Headquarters

10 Human Resource (HR) Acronyms

  1. HRMS: Human Resources Management System
  2. HRIS: Human Resource Information System
  3. ATS: Applicant Tracking System
  4. DEI: Diversity, Equity, and Inclusion
  5. HRD: Human Resources Development
  6. ESO: Employee Stock Option
  7. C&B: Compensation and Benefits
  8. PTO: Paid Time Off
  9. WFH: Work From Home
  10. AR: Annual Review

20 Marketing & Sales Acronyms

  1. B2B: Business to Business
  2. B2C: Business to Consumer
  3. C2C: Consumer to Consumer
  4. BR: Bounce Rate
  5. CMS: Content Management System
  6. CTA: Call To Action
  7. CTR: Click Through Rate
  8. CR: Conversion Rate
  9. LTV: Lifetime Value
  10. CRM: Customer Relationship Management
  11. OKRs: Objectives and Key Results
  12. KPI: Key Performance Indicator
  13. PPC: Pay Per Click
  14. SEO: Search Engine Optimization
  15. SM: Social Media
  16. SMB: Small to Medium Business
  17. OC: Opportunity Cost
  18. WOMM: Word Of Mouth Marketing
  19. CPC: Cost-per-Click
  20. SaaS: Software-as-a-Service

19 Technical Acronyms

  1. IT: Information Technology
  2. UI: User Interface
  3. UX: User Interface
  4. API: Application Program Interface
  5. CSS: Cascading Style Sheet
  6. FTP: File Transport Protocol
  7. HTTP: HyperText Transfer Protocol
  8. HTTPS: HyperText Transfer Protocol Secure
  9. IP: Internet Protocol
  10. ISP: Internet Service Provider
  11. OS: Operating System
  12. LAN: Local Area Network
  13. DNS: Domain Name System
  14. XML: Extensible Markup Language
  15. ASCII: American Standard Code for Information Interchange
  16. ISO: International Standards Organization
  17. VPN: Virtual Private Network
  18. RSS: Rich Site Summary
  19. AI: Artificial Intelligence

12 Financial Acronyms

  1. ROA: Return On Assets
  2. ROI: Return On Investment
  3. P&L: Profit and Loss
  4. ACCT: Account
  5. AP: Accounts Payable
  6. AR: Accounts Receivable
  7. BS: Balance Sheet
  8. CPU: Cost Per Unit
  9. CR: Credit
  10. DR: Debit
  11. EPS: Earnings Per Share
  12. FIFO: First In, First Out

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