A
Needs
Something you can't live without
Accounting
practice or job that recording profits and losses, keeping financial records, etc.
Sole Proprietorship
a business that is owned by one person
Consumer
Someone who buys the product or uses the services
Information Technologies
it is what shows off what they have and it helps make the product better
Wants
Something you don't need but you can buy it.
Management
organizes the things that need to be done in the business
Non-profit Organization
it uses its revenue to achieve its purpose
Human Resources
it is the department in the business that deals with the hiring and firing
Profit
How much money you make versus how much money you spend
Goods
Something that can be sold
Marketing
promoting and selling products or services
Corporation
Owned by their stockholders and share businesses profits and losses
Multinational Corporation
has assets and facilities in at least one country
Profit Motive
the intent to achieve money in trades or material endeavors
Services
Something that is done for you
Operations
The behind the scenes part of a business
Franchise
Allows yo to legally start using their ideas, or products
Partnership
is a business that is operated by two people
Competition
Rivalry between companies selling similar products and services