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Makayla Terms

MARKETING

TermDefinition
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
Created by: Makayla.brooks18
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