Business Terms Flashcards

Front

The monetary values of resources used in producing or acquiring some good or service.

Back

Cost

Front

The excess of expenses over the revenue generated by a business during a particular period.

Back

Loss

Front

The value of goods bought for resale or the raw materials bought to produce some other good.

Back

Purchase

Front

The revenues earned when a company sells its goods, products, merchandise, etc.

Back

Sales

Front

The physical items that a business buys and sells. They can be raw materials, work in progress, or finished items.

Back

Goods

Front

The value of a company's inventory or items for sale. It's a current asset that's recorded on a company's balance sheet.

Back

Stock