Money Talk
This is the money a business receives from selling products or services.
What is revenue?
Wages paid to employees are an example of this type of business spending.
What is an expense (labor expense)?
Complete the formula: Revenue minus Expenses equals this.
What is profit or loss?
When revenue equals expenses, a business reaches this point.
What is the break-even point?
Products customers can physically touch and take home are called this.
What are goods?
This is the money a business spends to operate and sell its products.
What are expenses?
This term describes the time and work required to make a product.
What is labor?
A business earns $500 and spends $300. This is its profit.
What is $200?
A business spends $100 and earns $100. This is its profit.
What is $0?
This is the usual selling price of products similar to yours.
What is market value?
This is the money left after a business subtracts its expenses from revenue.
What is profit?
This is the cost of making one individual product.
What is unit cost?
A business earns $250 but spends $400. This is the amount of its loss.
What is $150?
A student spends $60 on supplies and sells products for $10 each. This is the number of products needed to break even, assuming no other expenses.
What is 6 products?
This is a person who develops a business idea and works to make it successful.
Who is an entrepreneur?
This happens when a business spends more money than it earns.
What is a loss?
This is the money needed to get a business started before making sales.
What is start-up money?
A business sells 30 bracelets for $5 each and spends $90 total. This is its profit.
What is $60?
A student sells 8 products for $10 each after spending $100. This is the amount of money still needed to break even.
What is $20?
Your team spends $40 on supplies and makes 20 keychains. This is the cost per keychain.
What is $2?
A business earns $800 in revenue and spends $800 in expenses. This is its financial result.
What is breaking even?
A business reduces expenses by negotiating lower prices with these businesses that provide its materials.
Who are suppliers?
A business makes $1,200 in revenue and wants $500 in profit. This is the maximum it can spend on expenses.
What is $700?
A student spends $150 on supplies and sells 20 items at $5 each. This is the additional number of items needed to break even, assuming no additional expenses.
What is 10 items?
Your team spends $120 on supplies and sells 40 items at $5 each. This is the team's total profit.
What is $80?