Entrepreneurship Flashcards
Break-even point
the minimum number of units that need to be sold over a given period
Cash flow forecast
estimating cash coming in and going out based on past business performance.
Debt financing
occurs when a company raises money by selling debt instruments to investors.
Demand
a principle of economics that captures the consumer’s desire to buy the product or service.
Equity Financing
Expense
the cost required for something; the money spent on something.
Interest
the price you pay to borrow money or the cost you charge to lend money.
Loss
an amount of money lost by a business or organization
Market price
Operating expenses
an ongoing cost for running a product, business, or system.
Opportunity cost
the loss of potential gain from other alternatives when one alternative is chosen.
Product cost
the direct costs involved in producing a product.
Profit
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Revenue
income, especially when of a company or organization and of a substantial nature.
Start-up costs
amounts the business paid or incurred for creating an active trade or business, or investigating the creation or acquisition of an active trade or business
