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What is profit?
The amount of money spent or earned.
What is competition?
An activity between people to win or gain success.
What are wants?
Something that is not necessary for success.
What are goods?
Products people buy.
What is Partnership?
Working with other people in a situation or in this case a business.
What is Profit motive?
The purpose to make money.
What are needs?
Something that is necessary for a business to succeed.
What is a consumer?
A person who buys goods or services.
What are services?
An action that someone does that the consumer buys.
What is Franchise?
Another business buying an idea from another business.
What is non-profit organization?
A business that does not make money off of their goods or services.
What is Corporation?
An organization as one.
What s multinational corporation?
A group of people who owns a good or service in at least one country.
What is accounting?
People keeping up with other people's money and accounts.
What is Management?
Supervising others in a business.
What is marketing?
Advertising products a business sells.
What is Information Technology?
Using computers and other communications that helps store information.
What is Operations?
Doing Active Things.
What are Human Resources?
People who work together to help a business through hiring people and training them.
What is Sole proprietorship?
The simplest and easiest business an entrepreneur can have.