Business Plan Flashcards
1
Q
Break-even Point
A
Costs are the same as income-
2
Q
Fixed Costs
A
Costs of business stays same regardless of sales
3
Q
Variable Costs
A
Changes according to activities of business
4
Q
Ethical
A
Something morally correct
5
Q
Competitive Edge
A
To be better that competition
6
Q
Trade Name
A
Words that identify quality/producer of a product
7
Q
Capital Goods
A
Non-Current assets such as vehicles or equipment
8
Q
Proceeds
A
Amount gained through profit or sales
