Savings & Goals
Saving for a video game next month equals what type of goal?
Short-Term
Owning part of a company is called a
Stock
Someone who starts a business is a
Entrepreneur
True/False. Everyh Business Makes Money
False
Money earned from investments = ?
Return
Buying a laptop in 2 years equals what type of goal?
Long-term
Lending money to earn interest is a
Bond
Problems or Needs
People who buy your product/service are called
Customers
Money left after costs = ?
Profit
Money set aside for unplanned situations
Emergency Fund
More reward = more risk What is this called?
Risk & Return
Your best group of buyers is your
Target Market
If the cost is $10 and you sell for $25, what is your profit?
$15
Costs stay the same = ?
Fixed Costs
$5 save per week for 6 months = how much saved
$120
The term for when money makes more money
Compound Interest
Revenue minus Expenses =?
Profit
Businesses selling similar things are called
Competitors
Costs that change with production = ?
Variable Costs
CD stands for
Certificate of Deposit
Why does patience help investors?
Time grows money
Name 2 traits of entrepreneurs
Creativity, Persistence, etc.
Name a problem small business might face
Not enough money, few customers, supply issues
Giving up one choice for another = ?
Opportunity Cost