Unit 18

The arrangement made for giving credit, especially the amount of money

• Profitable

• Maintain

• Contingency

• Credit term

Someones who owes money

• Debtor

• Customer

• Investor

• Businessman

The amount of value of a firm’s current assets that consists of raw materials, work in progress, and finished goods, stock

• Fluctuate

• Inventory

• Cyclical

• Margins

He wages (a)   between 200$ and 250$ a week

The company needs to return to (a)  

_________ is tied up in keeping the business flowing throunghout the year

• Temporary working capital

• Permanent working capital

• Profitable

• Profitability

Time required from the initial concept for a new product to when it first goes on sale

• Overtime

• Set-up time

• Cycle time

• Time-to-market

Time required from receiving a customer order to final delivery, it includes order processing, pre-pack time, in transit time, receiving and inspection

• Lead time

• Lag time

• Downtime

• Overtime