Chapters 1-3

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Author:
vgrijalva
ID:
106848
Filename:
Chapters 1-3
Updated:
2011-10-06 02:48:34
Tags:
Intro business
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Description:
vocab and questions
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The flashcards below were created by user vgrijalva on FreezingBlue Flashcards. What would you like to do?


  1. GOODS
    tangible products such as computers, food, clothing, cars and appliances.
  2. SERVICES
    Intangible products (i.e., including products that CAN'T be held in your hand) such as health care, insurance, educations, tourism and travel.
  3. BUSINESS
    Any avtivety that seeks to provide goods and services to others while operating at a profit.
  4. ENTREPRENUER
    A peron who risks time and money to start and manage a business.
  5. REVENUE
    the total amount of money a business takes in during a a given period by selling goods and services.
  6. PROFIT
    The amount of money a business earns above and beyond what it spends for salaries and other expenses.

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