Business Terms

2. The total income generated from sales of goods or services.
3. The number of units that must be sold to cover all costs, where profit is zero.
8. The planning and management of the movement and storage of goods and services.
10. A company’s legal financial debts or obligations that arise during business operations.
11. The allocation of resources, usually money, in the expectation of generating an income or profit.

1. Costs that do not change with the level of production, such as rent or salaries.
4. Costs that vary directly with the level of production, like raw materials.
5. The actual profit after all expenses, taxes, and costs have been deducted from total revenue.
6. The financial gain after subtracting all costs from revenue.
7. Resources owned by a company that have economic value.
9. The goods and materials a business holds for the purpose of resale.