Business Terminology

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Royalty Fee

Back

Regular ongoing payment to a franchisor based on a percentage of the sales a franchisee earns.

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Profit

Back

Total revenue minus total cost.

Front

Revenue

Back

Incoming money, typically through sales.

Front

Fixed Operating Costs

Back

Costs of a business that do not change based on sales.

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Variable Costs

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Costs of a business that fluctuate based on sales.