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| the money invested in a firm |
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| money to pay for short-term expenses such as employee salaries, advertising, marketing research, inventory storing costs, and what the firm owes suppliers. |
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| a share in the ownership of the company |
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| borrowing money based on a promise to repay the loan, usually within a fixed time period and with a specific interest charge |
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Definition
| a financial report that forecasts how much cash will be available after paying expenses. |
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| the ability to produce a certain quantity and quality of specific goods or services. |
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| where firms outsource manufacturing and are primarily a coordinator with a good marketing concept. |
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| using telecommunications to move service operations to places where there are pools of skilled workers. |
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Definition
| tailoring the priciples of mass production to meet the unique needs of individual customers. |
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Definition
| the categories to which various costs are charged in the normal financial accounting cycle. Accounts include: salaries, wages, supplies, raw mats, advertising |
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Definition
| the categories that show the purpose for which expenditures are made, used in the factory. includes milling, grinding, maintenance |
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