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Vocabulary to help study :) pt.3

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
Cost of Business   show
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show Total money earned from selling  
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show The money that you keep after paying back your cost of business  
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show If your profit is less than 0, it means you owe money and are in this.  
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show When your cost of business and revenue are the same  
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Competition   show
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show Producing advertisements or commercials for a product or service If it is done well, it has a clear and concise message and target audience. If it is done badly, it can make people want to buy the good or service less  
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Inflation   show
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Recession   show
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show A plan that helps you to keep track of your income and expenses so you do not go into debt  
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Income   show
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show Money spent or saved  
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Fixed Expenses   show
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Variable Expenses   show
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show When someone (usually a bank) lends you money that you must pay back (plus interest)  
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Line of Credit   show
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show A loan that you pay back in pieces  
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show The act of setting money aside for the future  
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show Spending money in the hopes of making a profit i.e you can do THIS in stocks, bonds, property, yourself, etc.  
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Interest   show
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Credit Card   show
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Debit card   show
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Created by: user-1823721
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