DAB Exam 3
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16 Terms
Product
service you are selling
Price
what we want customer to pay for the product
Place
where you buy the product
Promotion
making customer want to buy the product
Balance sheet
snapshot of finances of everything about the company
Liabilities
what a company owes
Assets
what a company owns
Equity
what a company is worth
Inocme statement
view of how much money a company made or lost over a period of time
Sales
revenue
Expenses
money to run the business
Profit
revenue- expenses
cash flow statement
tracks amount of money coming in and out over a certain amount of time
operating, investing, and financing cash
corporate finance
making sure company has resources they need to operate
investment finance
using assets to generate income
Financial market
withdrawals and working in banks