Finance/Purchasing Flashcards

Finance/Purchasing. Conjunctions and Transition Words. (10 cards)

1
Q

Checking a spending plan against real spending.

A

Budget analysis

The budget analysis showed we spent too much on advertising.

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2
Q

Money left after only paying for the items sold.

A

Gross profit

Our gross profit improved because our production costs went down.

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3
Q

The total money left after paying all business expenses and taxes.

A

Overall net profit

The overall net profit for the year was very good.

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4
Q

To formally look into a problem or situation.

A

Investigate

The team will investigate the low customer satisfaction scores.

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5
Q

Grew by a large and significant amount.

A

Increased substantially

Ticket sales increased substantially after the team won the championship.

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6
Q

The total money earned from sales before paying any costs.

A

Revenue

New product sales will increase our quarterly revenue.

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7
Q

Regular, fixed costs that aren’t tied to making a product (like rent or utilities).

A

Overhead costs

We need a smaller office to lower our overhead costs.

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8
Q

Discussing and setting new terms for an existing contract.

A

Renegotiation

The union requested a renegotiation of all employee salaries.

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9
Q

The most important companies that provide necessary materials.

A

Key suppliers

We rely on our key suppliers for the electronic components.

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10
Q

The company’s overall money health and stability.

A

Financial position

The company has a strong financial position due to low debt.

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