Entrepreneur Flashcards
break-even point
The minimum sales revenue or total units sold needed for a business to be able to cover its own expenses and begin to make profit
cash flow
Process of estimating the cash that will be coming into a business and the cash that will be flowing out of business during the same time period
debt financing
Obtaining funds to start or operate a business by borrowing money that has to be paid back to a lender
demand
The quantity of a good or service buyers are willing to purchase at various prices
equity financing
obtaining funds to start or operate a business by selling shares of ownership in the business
expense
product costs plus operating expenses
interest
price being paid to the lender for using his or her money
loss
total expenses minus total revenue expended, over a period of time,When total revenue is less than the total expenses
market price
the price at which the quantity that buyers are willing to buy is equal to the quantity that sellers are willing to supply
operating expenses
opportunity cost
product costs
profit
revenue
start-up cost
