Entrepreneur Flashcards
break-even point
The miniumum 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
debt financing
Obtaining funds to start or operate a business by borrowing that has to be paid back
demand
the quantity of a good or service buyers are willing to purchase
equity financing
Obtaining funds to start or operate a business by selling shares of ownership
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
that price at which the quantity that buyers are willing to buy
operating expenses
Cost that are required to cover the basic ongoing operation
opportunity cost
product cost
profit
revenue
start up cost
