| A | B |
|---|
| financing | obtaining funds or money capital for business expansion |
| cost-benefit analysis | a financial process in whicn a business estimates the cost of any action and compares it with the benefits of that action |
| revenues | total income from sales of output |
| profits | the money earned after a business subtracts its costs from its revenues |
| debt financing | raising money for a business through borrowing |
| short-term financing | money borrowed by a business for any period of time less than a year |
| intermediate-term financing | money borrowed by a business for 1 to 10 years |
| long-term financing | money borrowed by a business for a period of more than 10 years |
| production | process of changing resources into goods that satisfy the needs and wants of individuals and businesses |
| consumer goods | goods produced for individuals and sold directly to the public to be used as they are |
| mechanization | combined labor of people and machines |
| assembly line | production system in which the good being produced moves on a conveyor belt past workers who perform individual tasks in assembling it |
| division of labor | breaking down a job into small tasks performed by different workers |
| automation | production process in which machines do the work and people oversee them |
| robotics | sophisticated computer-controlled machinery that operates an assembly line |
