Entrepreneurship Flashcards

Front

Break-even analysis

Back

A financial assessment that identifies various levels of sales needed to reach the point where you have paid for your expenses.

Front

Exchange price

Back

The amount of money the buyer is willing to pay and the seller is willing to accept for a good or service.

Front

Pricing objectives

Back

Goals a company hopes to accomplish through its pricing strategies.

Front

Tactical planning

Back

Short-range planning, typically one year.

Front

Marketing-research process

Back

A strict and general rule process, often considered as a 'bible' for marketing research.

Front

Equity financing

Back

The process of selling shares to raise capital, with investors hoping to share in future profits.

Front

Interest Expense

Back

The cost of borrowing money, such as paying interest on a business loan.

Front

Variable Expense

Back

Costs that change based on business activity or usage, like electricity bills.

Front

Fixed Expense

Back

Costs that remain the same regardless of activity, such as monthly rent.

Front

Operational Expense

Back

Ongoing costs for running a business day-to-day, like salaries and office supplies.