Valuation – the process of appraising the worth of property according to some recognised criteria.

Value stream mapping – Lean technique used to analyze the flow of materials and information currently required to bring a product or service to a consumer.

Variable costs – the costs that can vary depending on the level of demand and activity.

Vendor – a seller of goods, services or of a business.

Venture capital – type of private equity provided to early-stage, high-potential and high-risk businesses.

Volume – an amount or quantity of business activity.