Logo, Moto, Brand, Ethics, Variable Cost, Fixed Cost, Expenses, Revenue, Profit, Margin, Break-even point, Supply, Demand, Surplus, Shortage, Brochure, Quote/Bid, Invoice, Depreciation, Appreciation, Vendor, Franchise, Proof, Needs, Vector, Defect,...

Profit

The amount of money that remains after subtracting expenses from revenue. It is calculated as Revenue - Cost.

Variable Cost

A cost that changes based on the quantity of goods or services produced or sold, such as raw materials or labor.

Fixed Cost

A cost that does not change based on the quantity of goods or services produced or sold, such as rent or insurance.

Invoice

A document that specifies the actual cost that the client owes for a completed job or service.

Heat Transfer Mask

A mask used to transfer heat transfer media onto a garment or substrate.

Brochure

A pamphlet or booklet used to promote and advertise a business, providing information about its products or services.

Vendor

A person or company that offers goods or services for sale.

Brand

A product or service manufactured or provided by a particular company under a specific name.

Proof

A sample of a design that is sent to a client for approval before production.

Motto

A short sentence or phrase chosen to capture the beliefs or ideals guiding an individual or company.

Shortage

A state or situation in which the desired quantity of something cannot be obtained.

Franchise

A type of license that grants a franchisee access to a franchisor's proprietary business knowledge, processes, and trademarks, allowing them to sell products or services under the franchisor's brand name.

Logo

An appealing and recognizable graphic design or unique symbol used by an organization to identify its products or services.

Quote/Bid

An estimated cost provided to a client for a specific order or project.

Surplus

An excess of production or supply over demand, resulting in an amount left over when requirements have been met.

Defect

An unsellable product due to an error or flaw in its design, construction, or functionality.

Vector art

Clean, camera-ready artwork that can be scaled infinitely without losing quality.

Depreciation

The decrease in value of an item over time due to wear and tear, obsolescence, or other factors.

Demand

The desire or need for a particular commodity, service, or item expressed by purchasers, consumers, clients, employers, etc.

Margin

The difference between the revenue from sales and the costs incurred in a business.

Law of Diminishing Returns

The economic principle stating that adding an additional factor of production results in smaller increases in output. It describes the three stages of returns: increasing returns, diminishing returns, and negative returns.

Appreciation

The increase in value of an item over time due to factors such as demand, rarity, or improved quality.

Expenses (COST)

The money spent to operate a business, including costs for supplies, labor, bills, and equipment.

Break-even point

The point at which total revenue equals total expenses, resulting in neither profit nor loss.

Ganging

The process of placing multiple designs on a transfer sheet for printing or application.

Weeding

The process of removing unwanted excess pieces from a transfer sheet before applying it to an item.

Supply

The quantity of a good or service that is available for sale.

Ethics

The rules, principles, and standards for deciding what is morally right or wrong when conducting business.

Revenue (INCOME)

The total income generated from sales of goods or services.

Media

The various materials used to create products, such as paper, fabric, or digital files.