Flashcard - Business Terms pt 2 - Week 1

Front

Financial gain after expenses subtracted from revenue

Back

Profit

Front

Term for when total revenue equals total costs, resulting in no net loss or gain.

Back

Break-even Point

Front

Term for items produced for sale?

Back

Goods

Front

Fee paid to borrow money

Back

Interest

Front

Term for an organization involved in commercial, industrial, or professional activities.

Back

Business

Front

Financial benefit when revenue exceeds expenses, costs, and taxes.

Back

Profit

Front

Money a business earns after expenses:

Back

Profit

Front

Term for money earned by a business over time.

Back

Revenue

Front

Cost incurred by businesses in daily operations

Back

Expense

Front

Term for the point where a business makes neither profit nor loss.

Back

Break-even Point