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Startup Business: Essential Costs and Vocabulary Guide

Learn about startup costs, vocabulary, and essential terms for new businesses. Understand the difference between wholesaler and retailer, gross profit, and more. Get insights on crucial expenses to start your business successfully.

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Startup Business: Essential Costs and Vocabulary Guide

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  1. By: Anna Vocabulary

  2. Cost The price to acquire, produce, accomplish, or maintain anything.

  3. Start Up Cost Expenses that will be incurred before a new business is able to open its doors or start production and generate revenues. Start-up costs include fees, paying for a place to conduct business, acquiring equipment, living expenses while getting a business ready for operation, and so forth.

  4. Wholesaler The sale of goods in quantity, as to retailers or jobbers, for resale. (Opposed to retail)

  5. Retail The sale of goods to ultimate consumers, usually in small quantities (Opposed to wholesale)

  6. Gross Profit Gross receiptslessthecost of goods or production but before the deduction of such other costs as rent or salaries.

  7. Sources • Dictionary.com • Google.com

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