Business Basics
What is revenue?
This is the money a business earns from selling goods or services.
Who is Bill Gates?
The founder of Microsoft
What is a budget?
A financial plan that shows where money will be spent or saved.
What is profit?
The amount of money a business has after all costs have been paid.
Who is Steve jobs
The founder of Apple
What is credit?
This is the term for money you borrow to buy something you can’t afford to pay for immediately.
What is a product?
This is what you call any item or service sold to customers to meet their needs or wants.
What is a shareholder?
A person who owns part of a company by buying shares.
What does a consumer do?
To use products or services
Who is Jeff Bezos
The founder of Amazon
What is debt?
The amount of money an individual or company must pay back, often including interest.
What is Networth
The total amount of somethings worth
Who is Elon Musk
The founder of Tesla, Spacex
What is a dividend?
The portion of a company’s profits paid out to shareholders.