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What is the meaning of Profit?
A financial gain of something.
Define wants.
Something you CAN live without.
Definition of Sole Proprietorship.
Legally has no sperate existence from its owner.
What is a corporation?
A corporation is a group where people are working together.
What does marketing do?
They promote and sell services and goods.
Define Profit Motive.
A desire for a financial gain.
What does the consumer do.
They are the buyer of goods and services.
2 examples of partnership.
working together, and helping them with problems.
what does multinational corporation involve?
They invlove several countries.
3 things information technology does.
they store, retrieve, and send the information out
What is competition?
A condition of competing.
What do goods do?
They are the production for consumers.
What is Franchise?
Allowing them to carry out specified commercial activities.
Meaning of accounting.
Keeping financial accounts.
Define operation.
Functioning or being active.
Example of needs.
Something you CAN'T live without.
Give 3 example's of services.
Helping them, doing work for them, asking what they need.
What does Non-Profit Organization's not do?
They DON'T pay income tax.
What does management do?
They control things or people.
3 examples of Human resources.
Hiring, administration, and training of personnel.