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What is REVENUE? (A) Buying and re-selling something. / (B) The money companies take in from their work / (C) It's a brand new product
(B) The money companies take in from their work
What is RETAIL PRICE? (A) Manufacturer's cost / (B) Distribution's price / (C) The price consumers pay for a product
(C) The price consumers pay for a product
What does it mean to go BANKRUPT? (A) Rob a bank / (B) Run out of money / (C) When a company has to close down due to lack of money
(B) Run out of money AND (C) When a company has to close down due to lack of money
What is DOWN PAYMENT? (A) The money invested in a business. / (B) Initial partial payment for later monthly values. / (C) The last payment after months.
(B) Initial partial payment for later monthly values.
What is the BREAK-EVEN point in a business? (A) It's a point where total expenses and total sales are equal. / (B) When the company breaks down and has to close. / (C) The point where you receive all the money invested before.
(A) It's a point where total expenses and total sales are equal.
What is PROFIT? (A) The money invested to start a business. / (B) The "extra" money you get after expenses. / (C) The money you get from a sold product.
(B) The "extra" money you get after expenses.
What is INCOME? (A) Salary received every month. / (B) Money that is earned from doing work or received from investments. / (C) What you receive when starting a new business.
(B) Money that is earned from doing work or received from investments.
What is TAX RETURN? (A) The percentage the government takes from sales. / (B) The return the government gives you after paying taxes. / (C) A tax made from the amount of money you earn annually to get a refund.
(C) A tax made from the amount of money you earn annually to get a refund.
What is CROWDFUNDING? (A) Raising money online. / (B) Donating money to lots of people in need. / (C) It's a way to fund social products.
(A) Raising money online.
What is a DISTRIBUTION CHANNEL? (A) The process of creating and ending a product. / (B) Individuals and organizations that sell the final product to the consumer. / (C) A way of selling the product on TV
(B) Individuals and organizations that sell the final product to the consumer.
