1-5
The amount of money earned
What is profit?
An organization that doesn't pay income tax on the money they receive
What is a non-profit organization?
Happens legally and separately from its owners
What is corporation?
Someone who is trying to make more money than you are
What is competition?
The simplest structure of a business
What is sole proprietorship?
A formal arrangement with equal profit
What is partnership?
Something that is tangible and the consumer can use it
What is a good?
The way a business advertises its product or service
What is marketing?
The dealing with people and their concerns
What is Human Resources?
A business' motivation to increase profit
What is profit motive?
A person who purchases and uses a good or service
What is a consumer?
A corporation that has facilities in more than one country
What is a multinational corporation?
Something that is required for a business
What is a need?
Something that is not necessary for a business
What is a want?
A business opportunity where you legally use someone else's ideas to start your business
What is franchise?
Something that a consumer pays for but is done by someone else
What is a service?
The process of controlling something or the activities within a business
What is management?
To analyze, store and retrieve data with systems
What is information technology?
A action in keeping financial accounts
What is accounting?
Everything that happens in a company and how it works
What is operations?