entrepreneur Flashcards
break-even point
minimum sales to make a profit
cash flow forecast
money flowing in and out of the business
debt financing
obtaining funds to start or operate a business by borrowing money that has to be payed back to the lender
demand
amount 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 of the business
expence
product costs plus operating expenses
intrest
price being payed to the lender
loss
total expenses minus total reavanew
market pice
that price which the quantities of where the buyers are willing to buy is equal that sellers are willing to apply
operating expenses
costs that are required for the basic ongoing operations of the business
product costs
usually refers to the cost o the actual materials and labor to produce the goods that are sold to coustomers
profit
when a total revenue is greater than a total expenses this is the net income that business has earned over time
revenue
total dollar amount a business they receive form their good or service over a particular time
start up cost
total amount of money to get a business up and running
supply
the quantity of a good or service sellers are willing to supply at various prices
