EASY
Profit
the financial gain after subtracting expenses from revenue
Expenses
The costs incurred in the process of generating revenue.
Marketing
Activities aimed at promoting, selling, and distributing a product or service.
Competitive Advantage
A condition that allows a company to outperform its competitors.
Business Model
The plan or strategy a company uses to operate and generate profits.
Budget
A plan that outlines expected revenues and expenses for a specific period.
Franchise
A business model where individuals operate their own locations under the name and system of an established company.
Capital
Money or other assets used to fund a business.
Equity
Ownership interest in a company or asset.
Product Life Cycle
The stages a product goes through from introduction to decline.
Revenue
The total income generated by a company from its business activities.
Inventory
The goods and materials a business holds for the purpose of resale.
Acquisition
When one company buys another company.
Depreciation
The reduction in the value of an asset over time.
Economies of Scale
The cost advantages that businesses obtain due to their scale of operation.
Assets
Resources owned by a company that have economic value.
Balance Sheet
A financial statement showing a company's assets, liabilities, and equity.
Supply and Demand
The relationship between the availability of a product and the desire for it.
E-commerce
The buying and selling of goods or services via the internet.
IPO (Initial Public Offering)
The first sale of a company's shares to the public.
Cash Flow
The movement of money in and out of a business.
Innovation
The introduction of new products, services, or processes to meet customer needs.
Value Proposition
The unique value a product or service offers to customers.
Outsourcing
The practice of contracting out certain business functions or processes.
SWOT Analysis
A strategic planning tool that analyzes strengths, weaknesses, opportunities, and threats.