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BE 205

Business Essential

TermDefinition
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Economy The system in which people make and spend their incomes
Expenses The money that a business spends
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Cost of goods The amount of money a business pays for the products it sells or for the raw materials from which it produces good to sell; the amount of money a business pays for the products (or for any part of the products) it sells
Creditors Individuals or businesses to whom a business owes money or from whom it wants to borrow money
Demand The quantity of a good or service that buyers are ready to buy at a given price at a particular time
Economy The system in which people make and spend their incomes
Efficiency Accomplishing a task with a minimum expenditure of time and effort
Expenses The money that a business spends
Gross profit Money left after the cost-of goods expense is subtracted from total income
Income The money received by resource owners and by producers for supplying goods and services to consumers
Net profit Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
Operating expenses All of the expenses involved in running a business
Pricing A marke
Created by: user-2017111
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