| A | B |
|---|
| Revenue | Total amount of money recieved by the company for goods sold or services provided during a certain time period. |
| Cash flow | Money coming into a business from selling its products and the money it spends on all aspects of production. |
| Aim | Broad statement of intent providing a direction for a business, from which more specific objectives could be set. |
| Stakeholder | A person, group or organisation that affects or can be affected by an organisation's actions. |
| Profitability | To earn a profit; the positive gain from a business operation after deducting all expenses. |
| Capital | Cash or goods used as an investment in a business. |
| Break-even point | Approximate sales volume required to cover costs, below which production would be unprofitable and above which it would be profitable. |
| Profit and loss account | An account complied at the end of an accounting period to show gross and net profit or loss. |
| Fixed assets | A tangible long-term asset held for business use such as equipment and furniture. |
| Fixed costs | A cost such as rent and insurance, which does not depend on production or sales levels. |
| Trend | The general direction in which something trends to move. |
| Market place | The world of commercial activity where goods and services are bought and sold. |
| Unlimited liability | Business owners are personally responsible for all the debts of the firm and their personal assets can be seized to pay company debts. |
| Limited company | A business that is owned by shareholders, all of whom have limited liability for the business debts. |
| Shareholders | Individuals or organisations that own or hold a share in a business. |
| Limited liability | Shareholders lose no more than the value of their shares if the business should fail. |
| Creditor | A business or person the company owes money to. |
| HM Revenue & Customs | The government department responsible for collecting taxes as well as paying tax credits and child benefit. |
| Balance sheet | A financial statement of a business or insitution that lists the assets, debts and owner's investment as of a specific date. |
| Overdraft | An agreement with a bank to allow the business to spend money it does not have at that moment. |
