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BUSINESS MASTER 2
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What is a distribution channel?
It's a path that a product or service takes on its way to market.
What is crowdfunding?
It is a way of raising money online to finance projects and businesses.
What is tax return?
It's a series of forms that you fill out to show the government how much money you earned.
What is income?
It's the money received, for work or through investments. (payment/ salary)
What is profit?
It's the remaining revenue, after a company has accounted for all expenses
What is the break-even point?
It's the point at which total cost and total revenue are equal.
What is down payment?
It's the initial payment made when something is bought on credit.
What does it mean to go bankrupt?
It's when a person or company is unable to pay the debts.
What is retail price?
The price for consumers.
What is revenue?
The income of a company (money it takes in).
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