entrepreneur Flashcards
Break-even point
the minimum sales revenue or total units sold
cash flow forecast
process of estimating the cash that will be coming to the buisness
debt financing
obtaining funds to start or operate a business by borrowing money
demand
the quantity of a good or service buyers are willing to purchase
equity finacing
obtaining funds to start or operate a business by selling shares of ownership
expense
products cost plus operating expenses
interest
price being paid to the leader
loss
total expenses minus total revenue expended over a period of time
market price
that price at which the quantity the buyers are willing to buy
operating expenses
cost that are required to cover the basic ongoing operations
opportunity cost
the next best alternative use given up when resource
product cost
usually refers to the cost of the actual material
profit
total revenue minus total expenses
revenue
total dollars amount a business receives
start-up cost
the total amount of money needed to get a business up and going
