Entrepreneurship Sales Vocabulary

A person who creates a product or a service that can be sold.

• Goods & Products

• Services

• Producers

A financial gain. The difference between the earned and the amount spent creating a good, product, or service or operating.

• Revenue

• Profit

• Loss

A complete list of items, such as goods in stock or property that are available for sale.

• Producers

• Supply

• Inventory

A person who purchases a product or service because of a need.

• Demand

• Sales

• Consumers

The amount or goods or products a producer or seller has in stock.

• Business

• Supply

• Loss

How much money you receive from selling your product or service.

• Revenue

• Credit

• Demand

A short supply of something or a shortage.

• Profit

• Bank

• Scarcity

Any loss of money or waste of goods, products, inventory, or money when selling.

• Consumers

• Loss

• Shark

How much it costs to run your business and sell your product or service.

• Supply

• Online

• Expenses

How many people need or want a good or service.

• Demand

• Sell

• Scarcity