Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production, or sales.

Advantages or payments employees receive in addition to their wages ( e.g., sick time, holiday pay, health insurance).

The total amount of money spent on costs of materials, labor, taxes, etc.. To manufacture economic goods and services.

The amount of money a business has paid for the product( good or service) it has sold.

The expenses involved with manufacturing, promoting, and distributing a product.

Prices charged by individuals specially trained in specific fields of art and sciences, such as doctors, architects, lawyers, and accounts.

Sales and Marketing Costs

All reasonable costs and expenses( including labor) that are attributed to the distribution, sale promotion and marketing of a product(including all pre launch activities), calculated on a fully burdened basis, including allocable overhead attributable to

All of the expenses involved in setting up a new business or introducing a new product to the market.

Expenses associated with acquisition or development, implementation, deployment, and maintenance of technology assets, including depreciation of R&D equipment and amortization of know how.

Money payments for labor on an hourly, daily, or weekly basis.

The ongoing, day to day expenses of running a business that are not directly related to production.

Operating costs that do not increase or decrease with changes in production.

Operating costs that fluctuate with changes in production.

Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs.

A company's revenue after subtracting the costs of the products it has sold.

The point at which a business's total sales equal total expenses; the business has not yet made a profit but has not incurred any losses

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E II 2.01 Glossary

Term	Definition
Administrative Costs	Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production, or sales.
Benifits	Advantages or payments employees receive in addition to their wages ( e.g., sick time, holiday pay, health insurance).
Cost of Production	The total amount of money spent on costs of materials, labor, taxes, etc.. To manufacture economic goods and services.
Cost of sales	The amount of money a business has paid for the product( good or service) it has sold.
Costs	The expenses involved with manufacturing, promoting, and distributing a product.
Professional Fees	Prices charged by individuals specially trained in specific fields of art and sciences, such as doctors, architects, lawyers, and accounts.
Sales and Marketing Costs	All reasonable costs and expenses( including labor) that are attributed to the distribution, sale promotion and marketing of a product(including all pre launch activities), calculated on a fully burdened basis, including allocable overhead attributable to
Start-up Costs	All of the expenses involved in setting up a new business or introducing a new product to the market.
Technology Costs	Expenses associated with acquisition or development, implementation, deployment, and maintenance of technology assets, including depreciation of R&D equipment and amortization of know how.
Wages	Money payments for labor on an hourly, daily, or weekly basis.
Operating Expenses	The ongoing, day to day expenses of running a business that are not directly related to production.
Fixed Costs	Operating costs that do not increase or decrease with changes in production.
Variable Costs	Operating costs that fluctuate with changes in production.
Semi-variable Costs	Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs.
Gross profit	A company's revenue after subtracting the costs of the products it has sold.
Break-even point	The point at which a business's total sales equal total expenses; the business has not yet made a profit but has not incurred any losses

Created by: mckayla.h605

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