Vocab 4 Flashcards
Share
One of the equal parts into which a company’s capital is divided, entitling the holder to a proportion of the profits. Share refers to the ownership certificates of a particular company.
- Shareholders
An individual or company that owns shares in a company
- Stakeholders
– All people or companies associated with an enterprise. Stakeholders include internal stakeholders as well as external stakeholders.
- Stocks
– Shares of ownership in a company. Stock is the general term of ownership in any company.
- Supplier
A company that provides a good or service to another company
- Sweat equity
The hard work a small business owner puts into forming, founding, and operating his/her business`
- Target Market
The exact customers and market sector the business intends to serve.
- Teamwork
– Working with others to address a challenge. Individuals using their skills in harmony with others to complete a task. Effective teamwork involves trust among team members. Collaboration and cooperation.
- Total Cost
Fixed cost plus variable cost.
- Total Revenue
Units times price
- Transparency
The practice of operating openly and communicating fully providing stakeholders with a clear understanding of how your enterprise operates.
- Unencumbered
– Assets that are not already pledged as a guarantee to repay another loan.
- Units
Units refer to the “things” the company sells. Retail stores sell many different types of units. Service businesses can sell many different services.
- Unsecured debt
– Debt that does not include a promise by a guarantor to repay the loan in the event the debt holder is unable to make a required payment. Unsecured debt is riskier for the bank or online lending company – therefore the lending party charges a higher interest rate on unsecured debt than it does on secured debt.
- Variable Cost
Costs that vary based on the units sold by your enterprise.
