Any activity that seeks to provide goods and services to others while operating at a profit.
The surrounding factors that either help or hinder the development of businesses.
The movement of the temperature of the planet up or down over time.
An electronic storage file for information.
The statistical study of human population with regard to its size, density, and other characteristics such as age, race, gender, and income.
The buying and selling of goods over the Internet.
Giving frontline workers the responsibility, authority, freedom, training, and equipment they need to respond quickly to customer requests.
A person who risks time and money to start and manage a business.
Factors of production
The resources used to create wealth: land, labor, capital, entrepreneurship, and knowledge.
Tangible products such as computers, food, clothing, cats, and appliances.
The trend toward saving energy and producing products that cause less harm to the environment.
The obtaining of individuals' personal information, such as Social Security and credit card numbers, for illegal purposes.
When a business's expenses are more than its revenues.
An organization whose goals do not include making a personal profit for its owners or organizers.
Contracting with other companies (often in other countries) to do some or all of the functions of a firm, like its production or accounting tasks.
The amount of output you generate given the amount of input (e.g., hours worked).
The amount of money a business earns above and beyond what it spends for salaries and other expenses.
Quality of life
The general well-being of a society in terms of its political freedom, natural environments, education, health care, safety, amount of leisure and rewards that add to the satisfaction and joy that other goods and services provide.
The values of what is received for goods sold, services rendered, and other financial sources.
The chance of loss, the degree of probability of loss, and the amount of possible loss.
Intangible products (i.e., products that can't be held in your hand) such as education, health care, insurance, recreation, and travel and tourism.
All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address.
Standard of living
The amount of goods and services people can buy with the money they have.
Everything from phones and copiers to computers, medical imaging devices, personal digital assistants, and the various software programs that make business processes more effective, efficient, and productive.