Operating costs, sometimes referred to as overhead, are cost incurred through a business' daily normal operations.

Professional services are fees required to pay attorneys and consultants.

Costs that do not change depending on output

Electricity, water, and waste collection are called Utilities.

Profit/Loss..

Expenses an organization incurs that are not directly tied to a specific function such as manufacturing, production or sales.

Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance).

The total amount of money spent on costs of materials, labor, taxes, etc., to manufacture economic goods and services.

All reasonable costs and expenses (including labor) that are attributable to the distribution, sale, promotion and marketing of a Product (including all pre-launch activities), calculated on a fully burdened basis, including Allocable Overhead attributable thereto.

The amount of money a business has paid for the product (good or service) it has sold.

The expenses involved with manufacturing, promoting, and distributing a product.

As a business, you will NOT have to pay taxes.

Prices charged by individuals specially trained in specific fields of arts and sciences, such as doctors, architects, lawyers, and accountants.

Expenses associated with acquisition or development, implementation, deployment, and maintenance of technology assets.

Examples include computers, cash registers ect

Tangible item or product

a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

A ____ _____ is the amount of compensation paid to a person based on the amount of sales generated. This is typically a percentage of sales, which is paid on top of a base salary.

What is the term for the money a business receives from selling its goods or services?