click below
click below
Normal Size Small Size show me how
Makayla Terms
MARKETING
Term | Definition |
---|---|
ALLOWANCE | Partial return of sale price for merchandise the customer has kept |
BUDGET | An estimate of income and expenditure for a set period of time |
BUDGET VARIANCE | Favorable when the actual revenue is higher than the budget or less |
FINANCIAL PLAN | Is a comprehensive evaluation of an investor current and future financial, flow,assets values and withdrawal plan |
FIXED EXPENSE | Is an expense that will be the same total amount regardless of changes in the amount of sales,production or other |
MONEY MANAGEMENT | Process of budgeting,saving,investing,spending or capital usage of an individual group |
NET WORTH | Applicable to individuals and business as a key measure of how much an entity is worth |
PERSONAL ASSETS | Something of value which belong to some, people apply for loan or other form of financial assistance |
BUDGET CATEGORY | |
FINANCIAL GOALS | An objective which is expressed in or based upon money |
INCOME | Money received, especially on a regular basis, work or through investment |
LONG TERM GOALS | Something you want to accomplish in the future,time and planning |
SHORT TERM GOALS | Limited period of time and can lead to a long term. |
DEFICIT | Amount by which a resource falls short of a mark |
SURPLUS | Occur when there is excess that is quantity supplied is greater than quantity demand. |
START UP COST | Start up, |
EQUITY | Refer to a value premium that a company generates from a product with recognizable name |
DEBT | Fixed payment to the holder and invest,traded. |
REVENUE | Amount of money that a company actually receives during a specific period ,including discount for returned merchandise |
PROFIT | Financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses,cost and others things |
LOSS | Product or service that is offered at a price that taxes is not profitable ,sold or offered in order to attract new customers |
CASH FLOW | Incoming and outgoings of cash,operating , activities of an organization |