Business Terms

2. a onetime expense that doesn’t vary with business volume.
3. an organization that operates with the intention of making a profit.
5. the process of promoting, selling and distributing a product or service.
7. the ratio of profit divided by revenue displayed as a percentage.
8. the value of everything a company owns and uses to conduct their business.
11. a potential customer.
12. the degrading value of an asset over time.
15. the act of organizing and conducting a business to accomplish goals and objectives.
16. work done for pay that benefits another.
19. something produced or manufactured to be sold; a good.
20. the entire amount of income before expenses are subtracted.
21. how much money a business gets in return from an investment.
22. the management and allocation of money and other assets.
23. the amount of time it takes to recover the initial investment of a business.

1. the value of what a business owes to someone else.
4. the total value of a business.
6. someone who organizes, manages and takes on the risk of starting a new business.
8. a system that provides quantitative information about finances.
9. an organization that provides supplies to a business.
10. revenues minus expenses.
13. a category of like businesses.
14. a specific group of customers at which a company aims its products and services.
17. money spent on supplies, equipment or other investments.
18. expenses that change in proportion to the activity of a business.
24. a formal agreement to do work for pay.