Supply & Demand
The quantity of goods/services that the market is willing to buy.
Typically, males pay more than females for this cost associated with buying & owning a car.
What is a partnership?
This is the calculation we use for Net Pay.
What is Gross Pay minus (-) Deductions?
Going to the bank to get a loan is an example of this type of financing.
What is debt financing?
The quantity of goods/services that producers & sellers are willing/able to provide/sell to consumers.
What is supply?
As soon as a new car is driven off of the lot, it suffers from this loss in value.
What is depreciation?
Mr. Starrett prefers to work alone. That way he can have complete control and keep all the money he earns. This type of business ownership suits him.
This is what CPP stands for.
What is Canadian Pension Plan?
Selling someone some of your business (10% for example) for money is an example of this type of financing.
What is equity financing?
This law states that, all other things being equal, when the price of a product/service increases, less people will buy it.
What is the Law of Demand?
This includes costs associated with oil changes, replacing tires and other parts, changing transmission fluid, and more.
What are maintenance costs?
Mr. Starrett feels he lacks creativity. He wants to reduce his risk by following a business plan that has been proven to work. This type of business ownership best suits him.
What is a franchise?
Bob has been paid $1,400 in Gross Pay and his Net Pay was $1,000. This amount was deducted from Bob's paycheque.
Banks need to know these things about you before lending you money.
What are reliability, repayment ability, trustworthiness, spending history and habits?
Changes in consumer income, future expectations, and population.
What are factors that influence demand?
A 6-year finance plan with have this many monthly payments.
What is 72 monthly payments?
A partnership contains this many owners.
What is any number more than 1?
This is what YTD stands for.
What is Year-To-Date?
Banks need to know these things about your business before lending you money.
What are probability of success, operational plans, people included, industry trends, etc?
Changes in technology, number of producers, and cost of production.
What are factors that influence supply?
Toyota, Ford, GMC, Volkswagen, Fiat, & Honda are all examples of this.
What is a make of car?
This type of business ownership is a separate legal entity, protecting owners against liabilities like lawsuits.
What is a corporation?
What is Gross Pay?
If a bank rejects you, you can raise money for a business with these strategies.
What are save your own money or ask family members or friends?