entrepreneur Flashcards
entrepreneur (18 cards)
break-even point
the minimum sales a business needs to cover expenses and make profit
cash flow forecast
estimating the cash going in and out of the buisseness
debt financing
borrowing money to opporate the buissness
demand
quantity of a good/service buyers are willing to perchuse
equity financing
obtaining funds to start or opporate a buissness
expense
product costs plus operating expeses
interest
price being paid to the lender for using his or her money.
loss
total expenses minus total revenue expended.
market price
that price at witch the quantity of buyers are willing to buy
operating expenses
costs that are required to cover the basic ongoing operating the biusnes
opportunity cost
the next best alternative use giving up when resources
product costs
Usually refers to the cost of the actual materials and labor
profit
total revenue minus total expenses
revenue
total dollar amount buissness recive after a sale.
start-up costs
total amount of money to get a buissness up and running
supply
the quantity of a good or service sellers are willing to supply
target market
a smaller portion of the overall customer group
venture capitalist
organizations or individuals that are professioally provided equity financing for entrepreneurial ventures that are typically to risky to qualify for bank loans
