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17 Cards in this Set

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  • Back
bankruptcy
when a company or person owes more than they will be able to repay
customer
a person who buys merchandise from a business
interest
money a borrower pays to a lender for the use of money
stockholder
a person who has invested in a business
dividend
a declared bonus on the value of each share of stock
retail
the sales of merchandise in small amounts to individual consumers
entrepreneur
a person who starts and organizes a new business
profit
the difference between sales price and cost
invest
purchasing something because it may be worth more in the future
sales tax
tax charged on a purchase based upon price
shares
an equal fractional portion of the value of a business
receipts
a paper record of purchases and payment
price war
when stores continue to lower prices to compete for customers
gross
a measurement of 12 dozen items (12 x 12 = 144)
stock
certificates representing shares of ownership in a corporation
auction
a sale where the buyers set the price by bid against each other
wholesale
the sales of merchandise in large amounts to other businesses