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 a profit
cash flow forecast
process of estimating the cash that will be coming into a business and the cash that will be flowing out of the business during the same period of time
debt finacing
obtaining funds to start or operate a business by borrowing money that has to be paid back to a leader
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
expenses
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
product costs
usually refers to the cost of the actual materials and labor used to produce the goods that are sold to customers.
profit
total revenue minus total expenses, over a period of time, when total revenue is greater than total expenses.
market price
that price at which the quantity that buyers are willing to buy is equal to the quantity that sellers are willing to supply.
revenue
total dollar amount a business receives from the sale of its goods or services over a particular period of time.
start-up costs
total amount of money needed to get a business up and running.
supply
the quantity of a good or service sellers are willing to supply at various prices.
target market
a smaller portion of the overall main customer group for a particular business or industry.
