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Glossary
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Account
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1. A sum of
money in bank or credit
union.
2. A record
of money paid out or
received.
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Agent
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Someone who
acts or organises things for
you.
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Barter
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To trade or
swap goods and services instead
of money.
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Buy in
bulk
|
To buy in
large quantities.
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Capital
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The amount
of money and the worth of
buildings and equipment owned by
a business.
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Client
|
a
customer
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Consumer
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Someone who
uses goods and
services.
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Deposit
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1. Money
placed in a bank or credit
union.
2. Money
paid to show intention of buying
something ao it is taken off
sale.
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Employee
|
A person
who works for another in return
for a salary.
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Goods
|
Things you
can buy
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Interest
|
The money
paid to you by a bank or credit
union for the use of your
money.
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Investment
|
Money spent
on something in the hope of
making more money.
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Merchandise
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Goods for
sale
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Money
|
Coins or
notes accepted when paying for
things.
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Overheads
|
The costs
involved in running a
business.
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Premises
|
A building
and the land belonging to
it.
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Producers
|
People who
provide goods and
services.
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Profit
|
The amount
of money you gain when you sell
something at a higher price than
you paid for it.
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Retail
|
The sale of
goods to the public, not to
shops.
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Salary
|
A regular,
fixed payment for
work.
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Sales
representative
|
Someone
employed by a business to sell on
their behalf.
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Self-sufficient
|
Able to
supply your own
needs
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Services
|
The things
someone can do for
you.
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Stock
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1. The
total quantity of goods kept by a
business for selling to
customers.
2. The
animals kept on a farm or station
property.
3. Another
name for shares
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Voluntary
workers
|
Unpaid
workers
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Wholesale
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The sale of
goods to shop owners rather than
directly to the
public.
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