Definitions
An activity that seeks to provide goods and services to others while operating at a profit💰
What is a business?
The chance an entrepreneur takes of losing time and money on a business that may not prove profitable
What is risk?
All the people who stand in gain or lose by the policies and activities of a business and whose concerns the business needs to address
What are stakeholders?
The buying and selling of goods over the internet
What is e-commerce?
The average level of output per worker per hour
What is productivity?
What are goods?
When a business's expenses are greater than its revenues
What is loss?
They use financial gains to meet social or educational goals
What are not-for-profit organizations?
The statistical study of the human population with regard to its size, density, and other characteristics such as age, race, gender and income
What is demography?
Utilization of science or knowledge to invent or solve problems
What is technology?
Intangible products such as education, health, care, insurance, recreation and travel 🎓🏥🏖
What are services?
What is profit?
The act of contracting with other companies (often in other countries) to do some or all the functions of a firm
The obtaining of individual's personal information, such as Social Security* and credit card numbers, for illegal purposes
(*Social security is equivalent to Japan's "my number")
What is identity theft?
Rules that outline how the laws will be implemented
What are regulations?
A person who risks time and money to start and manage a business
What is an entrepreneur?
The total amount of money a business takes in during a given period by selling goods and services
What is revenue?
What is insourcing?
Allowing workers to make decisions essential to producing high-quality goods and services
What is empowerment?
The trend toward saving energy and producing products that cause less harm to the environment
What is greening?
The general well-being of a society (including political freedom, natural environment, education, health care, safety etc.)
What is quality of life?
Which institution can foster entrepreneurship through privatization, enforceable contracts, establishing a currency, and minimizing corruption
What is the government
The activity that organizes natural resources, labor, and capital
What is entrepreneurship?
The resources used to produce goods and services
What are factors of production?
The process or shift in the 19th and 20th century from farms to factories
What is industrialization?