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M2 - Economics Quiz
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What is a distribution channel?
The paths that products and services take on their way from the manufacturer or service provider to the end consumer.
What is crowdfunding?
It's a process of raising money online.
What is tax return?
The completion of documentation that calculates an entity’s or individual's income earned and the amount of taxes to be paid to the government or the refund.
What is income?
It's the money or financial benefit you gain, especially from an investment.
What is profit?
Is your revenue minus the cost of operation
The break-even point is...
the point where the revenue exactly matches the cost of the business
What is down payment?
It is the initial partial payment that is followed by installments you will then pay monthly.
What does it mean to go bankrupt?
When a person is completely out of money or when a company is unable to pay its debits and a court decides all its assets will be sold to pay the creditors.
What is retail price?
The final price for consumers.
What is revenue?
All the money a company takes for doing what it does.
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