1
Gained more than spent on the product
What is Profit
What motivates you to maximize profit
what is Profit Motive
Who or what you are up against. (opposition)
What is Competition
Something that is desired to be successful
Something that isn't needed, but could be used
What is wants
The People that buy your product
What is consumers
Pay no income tax on the donations. They recieve money they earn
The action of selling or producing products
Marketing
People who make up he workforce of an organization
Human Resources
The condition of being able to function or to be active
Operations
Process of keeping financial accounts
Accounting
Transactions where no physical goods are sold to the consumers but by the buyers want to exchange
Services
A company or group of people working together
Corpations
Enabling the right for people to carry out commercial activities
What is Franchise
Solo entrepreneurship, no sole distinction between business entity and owner
Sole Proprietorship
Working together with each other to help entrepreneurship be successful
What is Partnership
The study and use of systems and technology
Information technology
Things that are sold to consumers
What are Goods
Corporation that owns or controls the production of a product
multinational corporation
Controlling/dealing with things or people
Management