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Gaining money
What is Profit?
Wanting to gain money
What is Profit Motive?
Going against other people
What is Competition?
Things you can't go without
What are Needs?
Things you can go without but you desire them
What are Wants?
People purchase goods for personal use
What is a Consumer?
Objects that belong to you
What are Goods?
Someone does something for you
Simplest business form under which one can operate a business
What is Sole Proprietorship?
Working together with someone to complete something
What is Partnership?
The government grants a company to make commercial activities
What is Franchise?
Uses surplus to achieve its main big objective instead of distributing
What is a Non-profit Organization?
A company or group who acts as one
What is a Corporation?
A company that that operates in several different countries
What is a Multinational Corporation?
The action or process of managing money
What is Accounting?
People who control other objects or people
What is Management?
The action of promoting or selling products
What is Marketing?
The study of different types of technological objects
What is Information Technology?
The condition of being active
What are Operations?
A business department of hiring and firing
What are Human Resources?