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| Profit | Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid. |
| Expenses | Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business |
| Income | The money received by resource owners and by producers for supplying goods and services to customers |
| Cost of Goods | The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell; the amount of money a business pays for the products (or for any part of the products) it sells. |
| Gross Profit | This is the difference between sales income and the direct costs of making those products. Gross profit is used as a performance indicator to help the business make decisions over its pricing policies and use of materials. |
| Operating Expenses | All of the expenses involved in running a business |
| Net Profit | Net profit represents gross profit less all expenses associated with the normal running of the business. Net profit shows how well the business performs under its normal trading circumstances. |
| Profit Motive | The desire to make a profit which moves people to invest in business |
