BUSINESS KEY WORDS

What is an asset?

• An advantage gained by offering superior goods or services than what competitors do.

• the amount of money designated for a specific activity for a specific amount of time.

• market in which one company sells to another.

• items that an enterprise owns.

What is an enterprise?

• Finding funding for something.

• An organisation that provides goods or services.

• Money, buildings and equipment used in order to trade.

• Physical products that can be purchased.

What are cost of sales?

• The cost of producing a product.

• The point where and expenditure are equal.

• The ability of an enterprise to pay their debts.

• Assets that can used in the short term to pay for things.

What is a market segment?

• Physical products that can be purchased.

• A section of the market who have common characteristics.

• Aspects or elements of a service or goods.

• Tangible items that an enterprise owns.

What does liquidity mean?

• People who buy and use goods/services.

• The amount of money owed to an enterprise by their trade debtors.

• An amount of money that an enterprise owes.

• The ability of an enterprise to pay their debts.

What is a profit?

• The amount of money earned minus the costs paid out.

• The amount of dividends paid to shareholders at the end of each accounting period.

• The amount of money an enterprise must pay to the government each year.

• The amount of money spent setting up a business before it starts trading.

What are start up costs?

• The amounts of money leaving a business's bank account.

• The opinions that customers have about an enterprise.

• The amount of money spent setting up a business before it starts trading.

• The point where income and expenditure are equal.

What is the break even point?

• The money, buildings and equipment an enterprise uses in order to trade.

• The cost of producing a product.

• The money made from selling a product after the cost of sales have been deducted.

• The point where income and expenditure are equal.

What is a liability?

• Amount of money an enterprise is owed.

• Amount of money an enterprises owes (debts)

• The amount of sales revenue generated in an accounting period.

• The cost of producing a product.

What is a cash flow forecast?

• The ability of an enterprise to pay their debts.

• The amount of money designated for a specific activity or period of time.

• Statements that predict the cash inflows and cash outflows for an enterprise over a period of time.

• Profit earned and accumulated from previous trading reinvested back into the enterprise.