| A | B |
|---|
| balance sheet | financial statement that shows what business owns, what it owens, and how much its worth at a particular time |
| fixed expense | A 3 year lease |
| product positioning | placing a product in a certain market to get desired customer response |
| net income | Amount of money left after all costs and expenses for a period of time have been deducted from income |
| break even point | Point at which the income from the product sales equals the cost of making and distributing the product |
| cost of goods sold | the price the retailer pays for the merchandise sold |
| assets, liabilities, net worth | components of a balance sheet |
| gross profit | net sales revenue minus cost of goods sold |
| cash flow | financial statement that shows the movement of money in and out of a business |
| repayment plan | Statement showing how and when the debt of a business will be paid |
| sales quota | sales goal assigned for a specified period of time |
| net worth | monetary value of a business |
| asset | anything of value that a business owns |
| sales forecast | An example is projecting an increase in sales during the winter months |
