Entrepreneur Flashcards
break even point
the minimum sales revenue or total units sold needed for a business
cash flow forecast
process of estimating the cash that will be coming into the business
debt financing
obtaining funds to start a business
demand
the quantity of a good or service buying are willing to purchase
equity finacing
obtaining funds to starts or operate a business
expense
product costs plus operating expenses
interest
price being paid to lender
loss
total expenses minus total revenue expended
market price
that price at which the quantity that buyers are willing to buy
operating expenses
costs that are required to cover the basic ongoing operation of the business
opportunity cost
the next best alternative use given up when resources are used
product costs
usually refers to the cost of the actual materials
profit
revenue
start-up costs
