Debt Service is the regular payments that are necessary required for the maintenance of a loan current.
Depreciation is the prolonged destruction of the usability and value (possibly occurred as a result of obsolescence) of an enterprise's fixed assets. Sometimes depreciation can be regarded as a tax deduction.
Direct Sales Method is a method that demands selling of the goods directly to the end user including such services as advertising, direct mail or telephone sales.
Distributor is an enterprise that buys your goods for resale to its customers called retail outlets. The distributor is interested in the distribution operation due to his purpose to get a big price discount.
Distribution Channel is the canal through which your product is delivered to the end user. The delivery is conducted through distributors, retail outlets, self service outlets, vending machines, telephone sales, direct mail sales, etc.
Equity is a percentage ownership of an enterprise, it occurs, as usual, in the form of stock.
Fashion Goods are goods where style dominates over the price. Among fashion goods there are clothing, jewelry, furniture, draperies and dishes. Other products such as umbrellas, walking canes, cigarette holders, etc. can also be fashion goods.
Fixed Assets (or long term assets) are non-liquid assets belonging to the enterprise's daily business operations such as plants, equipment, furniture and real estate.
Fixed Costs are the daily fixed or pre-committed cost of doing business, such as wages, insurance, lease expenses, utilities, etc.
Full Service Retail Sales Method is a sales method that demands a shop-assistant to sell products from a sales outlet directly to the end user at retail prices and give all the necessary information about the aim and value of the product or service.
Gross Profit is revenues that have lower price comparing with sales.
Impersonal Service at Customer's Site is such service that demands the work with the customer's property and does not work with confidential factors due to the customer’s opinion. Some examples of Impersonal Service at Customer's Site are lawn service, typewriter repair, office cleaning, trucking service, etc.
Impersonal Service at Servicer's Site is such service that demands the work with the customer's property and does not work with confidential factors due to the customer’s opinion. The service’s enterprise is obligatory for this kind of service. Some examples of Impersonal Service at Servicer's Site are auto mechanic, TV repair, etc.
Impersonal Service, Volume is the type of service that has an ability to satisfy the needs of all customers. During impersonal service the meeting of the servicer and the customer is excluded. Some examples of Impersonal Service, Volume are: classified ads, storage lockers, money changers, etc.
Income Statement (or Profit & Loss statement) is a statement of revenues and expenses.
Installation Goods are goods that need big capital investments of high price that have an ability to provide a long life. Some examples of Installation Goods are: homes, office buildings, manufacturing facilities, and other kinds of commercial facilities or equipment such as tractors, printing presses, cranes and robotic assembly line processors.
Intangible Assets or goodwill is non-physical assets in the form of patents, trademarks, a customer base, brand recognition of your products, etc.
Inventory Turnover is a ratio that is used to evaluate sales effectiveness. You should divide total revenue for the product by the average retail value of the product inventory for a given accounting period.
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