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MP-013 Glossary 1/3

AB
BiasPrejudice
Capital expenditureA one-time purchase a business makes (e.g., land, building, equipment)
BudgetAn estimate of income and expenses for a particular period of time
External informationFacts that come from sources outside the business (e.g., government, media)
Business planA statement of a business’s goals and an outline of its strategies to reach those goals
Intermediate-range forecastingSales forecasting that predicts sales for periods of three months to two years; used to plan quarterly or yearly budgets or to determine whether to make capital expenditures (purchases of equipment, land, etc.)
Internal informationFacts that come from sources inside the business (e.g., accounting records, financial statements)
BenchmarkA point of reference


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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