Micro-Enterprise: Key Financial Concepts Vocabulary Set 5

Selling

• How a business moves a specific customer to buy their service or offering
• Shares of ownership in a company.
• Costs that vary somewhat based on the number of units you sell.
• All people or companies associated with an enterprise; can be internal or external.

Semi-Variable Costs

• All people or companies associated with an enterprise; can be internal or external.
• A company that provides a good or service to another company.
• Shares of ownership in a company.
• Costs that vary somewhat based on the number of units you sell.

Stakeholders  

• All people or companies associated with an enterprise; can be internal or external.
• A company that provides a good or service to another company.
• Shares of ownership in a company.
• Costs that vary somewhat based on the number of units you sell.

Stocks

• The exact customers and market sector your business intends to serve.
• The hard work a small business owner puts into forming, founding and operating his/her business -- small business owners typically work very long hours; as important as any capital but it's not cash investment.
• Shares of ownership in a company.
• A company that provides a good or service to another company.

Supplier

• The exact customers and market sector your business intends to serve.
• Fixed costs plus variable costs.
• The hard work a small business owner puts into forming, founding and operating his/her business -- small business owners typically work very long hours; as important as any capital but it's not cash investment.
• A company that provides a good or service to another company.

Sweat Equity

• Units times price.
• The hard work a small business owner puts into forming, founding and operating his/her business -- small business owners typically work very long hours; as important as any capital but it's not cash investment.
• Fixed costs plus variable costs.
• The exact customers and market sector your business intends to serve.

Target Market

• Units times price.
• Fixed costs plus variable costs.
• Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
• The exact customers and market sector your business intends to serve.

Total Costs

• Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
• Fixed costs plus variable costs.
• Units times price.
• Units refer to the "things" your company sells.

Total Revenue

• Debt that does not include a promise by a guarantor to repay the loan in the even the debt holder is unable to make a required payment.
• Units times price.
• Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
• Units refer to the "things" your company sells.

Trade References

• Costs that vary based on the units sold by your enterprise.
• Companies that conduct business with a company, and that can document how well a company pays its bills to its suppliers.
• Units refer to the "things" your company sells.
• Debt that does not include a promise by a guarantor to repay the loan in the even the debt holder is unable to make a required payment.