Entrepreneur Flashcards
Breake-even point
The minimum sales revenue or total units sold needed for a business to be able to cover its own expenses
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 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
equlty financing
Obtaining funds to start or operate a 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
market price
That price at witch the quantity that buyer are willing to buy
operating expenses
Costs that are required to cover the basic ongoing operation of the business such as rent.
opportuntiy cost
The next best alterntive use given up when resources.
product coxts
Usually refers to the cost of the actual materials
profit
Total revenue minus total expenses ove a period of time.
revenue
Total dollar amount a business receives from sale of its goods or services
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
target market
A smaller portion of the overall main customer group
venture capitalist
