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