Workshop 8.13

Front

What does it mean to market a product?

Back

To make a product available for someone to buy.

Front

What is interest in the context of banking?

Back

Money a bank pays you for letting them hold your money.

Front

What can you do with the profit you make from selling lemonade?

Back

Use it to buy more ingredients.

Front

What part of speech is the word 'income' in the sentence: 'I earn an income by mowing my neighbors' lawns'?

Back

Noun.

Front

What is a business?

Back

A company that buys or sells goods or services.

Front

What is profit?

Back

The money made from selling a product after all expenses are paid.

Front

What is the definition of income?

Back

Money received, especially on a regular basis, for work or through investments.

Front

What is the role of a vendor?

Back

A person or company that sells goods or services.

Front

What is an expense?

Back

The cost incurred in the process of earning revenue.

Front

What is the difference between profit and revenue?

Back

Profit is what remains after expenses are deducted from revenue.