entrepreneur Flashcards
Break-even point
the minimum sales revenue or total units sold needed for business to begin to make profit.
cash flow forecast
process of estimation the cash that will be commune into a business ans the cash that will be flowing our of the business during they same period of time
debt financing
obtaining funds to start or a business by borrowing money that has to be paid back
demand
the quantity of a good a service buyers are willing to purchase
equity financing
obtaining funds to start or operate a business by selling shares of ownership in business
expense
product cost plus operating expenses
interest
price being paid to the lender
loss
total expense minus total revenue expended, over a period of time, when total revenue is less than the total expense
market price9
a price that buyers are willing to by
operating expenses
costs that cover the basic ongoing operations of a business
opportunity cost
the next best alternative use given up when resources are used for an item or activity
product cost
usually to the cost of actual materials ans labor to produce is greater than total expenses.
profit
total revenue minus total expenses
revenue
total dollar amount a business receives from the scale of its good or services
start-up cost
money needed to get a business up and running
