unit 3

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a computer program for electronic, automated recording, tracking and reporting of an organization's financial transactions
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accounting software
demand an amount of money as a price for a service or goods
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charge
someone who organizes, manages, and takes the risks of a business or enterprise
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entrepreneur
a way of thinking that actively seeks out change, rather than waiting to adapt to change
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entrepreneurial spirit
an amount of money paid for a particular piece of work or for a particular service
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fee
an authorization granted to an individual or group enabling them to carry out specified commercial activities
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franchise
put money into financial schemes, shares, property or a commercial venture with the expectation of achieving a profit
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invest
begin a plan, a project or introduce a new product
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launch
the state of being legally responsible for something
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liability
a formal agreement by two or more parties to manage and operate a business and share its profits
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partnership
the act of officially allowing someone to do a particular thing; consent or authorization
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permission
arrange for something to take place at a time later than scheduled
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postpone
the difference between the cost of buying or making something and the price at which it is sold
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profit margin
establish a business, institution, or other organization
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set up
a self-employed person who owns and runs their business without a business partner
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sole trader
a tool that is used to store, organise and analyse data
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spreadsheet
an arrangement to receive something, typically a publication, regularly by paying in advance
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subscription
a new activity that may not be successful
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venture

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