Business

Terminologies
 What is
Revenue?
• how much a company
makes from selling
goods or services
 Profit

financial gain from

business activity minus
expenses.
 Gross
Represents the income Profit
or profit remaining after
the production costs
have been subtracted
from revenue.
 FIXED COST

Refer to expenses that

remain constant
regardless of the level of
production or sales
volume of business.
VARIABLE
COST

Are expenses that change

proportionally with the
level of production or
volume of a business.
 BALANCE
SHEET

Is a financial statement that

provides a snapshot of a
company financial position at a
specific point of time. it presents
the company's assets, liabilities
and shareholders equity.
Refers to the practice of managing,
and allocating resources, time, and
attention effectively across various
aspects of a business to achieve
sustainable growth and success.

BALANCING
 ASSET
Assets are resources that hold value
and can be owned or controlled by
an individual organization, or
business. They represent economic
or financial resources that are
expected to provide future benefits.
 LIABILITIES
Refer to potential risks,
obligations, and financial
burdens that entrepreneurs
face when starting and
running a business.
CAPITAL

Refers to the financial resources,

assets, or funds that entrepreneurs
use to start, operate and grow
their business.
 “The price of success is
hard work, dedication to
the job at hand, and the
determination that
whether we win or lose, we
have applied the best of
ourselves to the task at
hand.”