| overhead indirect expenses | regular and necessary cost involved in operatinga business |
| net income/net profit | the excess of all revenues in a period over all expenses an loses |
| vehichle | amortized means of land transport for people or goods |
| quota | a maximum quantity of a specific good that can be imported into a country |
| peg | to fix the value of a currency to another currency or gold |
| utilities | public service infrastuctures, such as those providing water, electricity and gas |
| variabe costs | production cost which change in proportion to the volume of production |
| prime cost/direct cost | the cost of raw materials and labour involved in manufacturing |
| scrap value | the price at whichan asset can be sold at the end of its useful life |
| input | smth that is put into a system or process and transformed into an output |
| output | smth produced by a system or process the quantity of goods and services produced by a company |