Business vocabulary
Imagine you're starting a lemonade stand. You buy lemons, sugar, and cups. What business term describes these items you purchased?
These are your business costs (or expenses).
After selling your lemonade, you have money left over from what you spent on supplies. What is this called in business?
This is your profit.
Your friend decides to sell cookies alongside your lemonade.
This is an example of adding a new product to your business.