| A | B |
|---|
| Brainstorming | a creative group problem-solving technique that involves generating a large number of fresh ideas |
| Consensus | agreement among a group of people |
| Discount | a reduction in the retail or wholesale price of a product or service |
| Interest | an amount charged for borrowing money. |
| Interoffice Memo | a memo from one person in a company to another. |
| Markdown | an amount deducted from the retail price to determine the sales price |
| Markup | an amount added to the cost price to determine the sales price |
| Memorandum | a short written form of business communication that has a set format |
| Principal | amount of money borrowed in a loan |
| Rate of Interest | the percent that is the basis for interest earned or paid |
| Term | number of years for which a loan is extended |
| Markdown Price | price determined by subtracting an amount from the retail price of an item |
| Markup Price | price determined by adding an amount to the wholesale cost of an item |
