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BUSINESS MASTER 2

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