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vocab for business class
Terms in this set (54)
An opportunity to make money
The assets available for use in an investment
a financial document that shows how much money (revenues) came in and how much money (expenses) was paid out
The total amount of money made in a business over one year.
Cost of Goods Sold
the total cost of buying raw materials and paying for all the factors that go into producing finished goods
the net sales minus the cost of goods and services sold
Expenses incurred in paying for the day-to-day activities of the business
Also called profit. Calculated as the Revenue - Expenses
The amount of money you gain in an investment
someone who is willing to assume the responsibility, risk and rewards of starting and operating a business
Some thing that you can do well
a quality or characteristic that you have
an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments
a fixed charge for borrowing money; usually a percentage of the amount borrowed; "how much interest do you pay on your mortgage?"
Cost of borrowing money, expressed as a percentage of the amount borrowed per year.
The party or organization lending the money.
The party or organization that borrows the money.
The art of making a product break/fail after a certain amount of time, not so soon that you will blame the manufacturer, but soon enough for you to buy another one and make more profit for them.
Annual Percentage Rate
Annual Percentage Yield
The rate of return received for one whole year, including the compound interest
Certificate of Deposit
Federal Deposit Insurance Corporation
corporation or other business enterprise that owns controlling interests in one or more subsidiary companies
A name, term, symbol, design, or combination thereof that identifies a seller's products and differentiates them from competitors' products.
a consumer's commitment to repurchase or otherwise continue using the same brand.
a graphic mark or emblem commonly used by commercial enterprises, organizations to promote instant public recognition a symbol that represents a company.
A company's product sales as a percentage of total sales for that industry
A short, easily-remembered slogan, verse, or tune.
a short, catchy phrase that conveys an important idea
Trying to expand the range of alternatives by generating many possible solutions
A company's share of total sales in a given market. Example: of the total coffee market, Starbucks owns 60% of all coffee sold.
a memorable short tune with a lyric broadcast used in radio and television commercials, which are usually intended to convey an advertising slogan.
memorable advertising phrase: Examples include "Coke Is It," "Just Do It," and "Don't Leave Home Without It."
a comprehensive written document for a design project developed in concert by a person representing the business need for design and the designer. The document is focused on the desired results of design.
Prototype an original type, form, or instance of something serving as a typical example, basis, or standard for other things of the same category
convert (an image) into pixels
A graphic image drawn in shapes and lines, called paths. Images created in Illustrator and Freehand (graphic design software) are vector graphics.
Four principals of logo design
Describable Effective without color Memorable Scalable
Socially responsible investing, also known as socially-conscious or ethical investing, describes an investment strategy which seeks to maximize both financial return and social good.
cost in terms of foregone alternatives
product of the mind and protected under law
an increase in price or value
a decrease in price or value
being in cash or easily convertible to cash
unsustainable addiction to overconsumption and materialism exhibited in the lifestyles of affluent consumers in the united states and other developed countries
concentration on producing and distributing goods for a market which must constantly be enlarged
(economics) the utilization of economic goods to satisfy needs or in manufacturing
Expenses incurred to decide whether to go into business and which business to enter can be expensed
up to $5,000; the balance is amortized over a period of 180 months. If the start-up expenses exceed $50,000, the immediate deduction is reduced dollar for dollar, until no dedcution after 55,000.
a financial statement showing the revenue and expenses for a fiscal period
Profit & Loss statement
An itemized financial statement of the income and expenses of a company's operations.
a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets
Cash flow statement
A measure of the money you receive and the money you spent
act of raising in rank or position
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