The level of output at which the revenue generated by a business is just sufficient to cover its costs.
Bulk discount
A discount from the quoted price for buying large quantities of stock.
Business
An organization that buys in goods and services which are then used to produce different goods and services to be sold at a profit.
Capital
The total stock of wealth (as opposed to income) owned by a business.
Capital structure
The different types of loan and owner capital by which a business is financed. It is usually measured by ratios comparing each type of financing with the total capital in use.
Cash flow
The money that flows into and out of a business over a given period of time. A projected cash flow for a future period is known as a cash flow forecast/cash flow budget.
Consumer
The final user of good or service, not necessarily the person who makes the purchase.
Cost
The amount of money spent to produce a good or service.
Cost centre
A unit of a business enterprise to which costs of production can be allocated.
Costing
The process of identifying and allocating the costs associated with the production of a good or service.
Credit
The time allowed between the receipt of a good or service by a customer and the final date on which payment is due.
