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EOPA CThompson 3

Entrepreneurship Pathway

QuestionAnswer
working capital the difference between current assets and current liabilities.
fixtures part of a building that cannot be moved, such as lights; personal property so securely attached to real estate that it becomes part of the real estate.
provisions amounts set aside for anticipated one-time payments that are not part of regular operations - perhaps a lawsuit, or a compensation package for employees being laid off.
retained profit reserves, the amount of profit which is kept back by a business for future investment.
factoring using an outside company to recover debts, obtaining funding by selling account receivable.
debt financing funds raised through various forms of borrowing that must be repaid (e.g. trade credit, bank loan, issuing bonds).
treasurer managing cash flow and raising new funds.
customer oriented describes a firm in which all decisions are made with a conscious awareness of their effect on the consumer.
growth stage the product life cycle stage in which sales rise rapidly.
decline stage the product life-cycle stage in which a product's sales decline.
Created by: chanelth
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