1
The money you make
Profit
The reason you want to make money
Profit Motive
Things you need to live
Needs
things you buy from stores
Goods
Things that you don't need but want
Wants
The competing of people to make money
Competition
The people that buy things
Consumer
Doing work for someone
Services
A business that takes none of the money
Non-profit
The action or process of keeping financial records
Accounting
Organized body of people with a particular purpose
Organization
The process of promoting the sales of products
Marketing
When two people work together
Partnership
The process of dealing and controlling people and things
Management
The fact or condition of functioning
Operations
The branch of business that deals with hiring, firing, and training of personnel
Human Resources
A business owned by one person
Sole Proprietorship
Authorization given to a company to carry out specified commercial activities
Franchise
A business owned by many people
Corporation
A company owned by people from different nations
Multinational Corporation