Intro to Business Vocab 1

Front

Total Revenue - Total Costs = ?

Back

profit

Front

Amount spent on raw materials, labor, and capital for production

Back

cost

Front

Buildings, tools, and machines used to produce goods and services

Back

capital

Front

Amount customer pays for product

Back

price

Front

Money coming into a business from sales and investments

Back

revenue

Front

Amount customer pays for product

Back

price

Front

Devoting resources for future profit or production

Back

investment

Front

Point where an ad is seen by a potential customer

Back

impression

Front

Items sold for money; items on hand

Back

inventory

Front

New, original, or groundbreaking idea, product, or improvement

Back

innovation