Buisness
This is a place where people work to make or sell goods or services.
a business.
Coins and bills used to buy things are called this.
money
What is the best definition for an entrepreneur?
SOMEONE WHO STARTS A NEW BUSINESS
What is an financial institution?
Money a business has left after paying all of its costs.
profit.
What does a business plan do?
IT DESCRIBES THE BUSINESS, ITS NEEDS, AND ITS GOALS.
The amount of money you earn from a job or allowance.
income.
Entrepreneurs take this when they start a business because they might lose money.
risk.
When you put money into a bank account.
deposit.
Goods brought into a country from another country.
import.
The practice of swapping or exchanging one thing for another is known as:
TRADE
A new business has start-up costs. What is another work for “costs”?
EXPENSES
Entrepreneurs often write this plan to explain their business idea and how it will make money.
business plan.
When you take money out of a bank account.
withdrawal.
Goods sold to another country.
export.
Why might a business export goods or services?
TO SELL MORE AND EARN MORE PROFIT
When you keep money to use later instead of spending it now.
saving
The people who buy products or services from a business are called these.
customers.
Why might a business need a loan?
TO HELP THE BUSINESS START TO GROW
The choice you give up when you choose something else.
opportunity cost.
What do businesses mainly do?
SELL PRODUCTS AND SERVICES
A savings account holds money that is not needed right away. What word describes “putting money into an account”?
DEPOSIT
A small business idea many kids start, like selling lemonade or cookies, is often run by this type of person.
entrepreneur.
What is it called when a bank charges you for you using their moeny?
interest.
A message that encourages people to buy a product or service.
advertising.