Card Set Information
vocab and questions
tangible products such as computers, food, clothing, cars and appliances.
Intangible products (i.e., including products that
be held in your hand) such as health care, insurance, educations, tourism and travel.
Any avtivety that seeks to provide goods and services to others while operating at a profit.
A peron who risks time and money to start and manage a business.
the total amount of money a business takes in during a a given period by selling goods and services.
The amount of money a business earns above and beyond what it spends for salaries and other expenses.