Chapters 1-3

GOODS

tangible products such as computers, food, clothing, cars and appliances.
SERVICES

Intangible products (i.e., including products that CAN'T be held in your hand) such as health care, insurance, educations, tourism and travel.
BUSINESS

Any avtivety that seeks to provide goods and services to others while operating at a profit.
ENTREPRENUER

A peron who risks time and money to start and manage a business.
REVENUE

the total amount of money a business takes in during a a given period by selling goods and services.
PROFIT

The amount of money a business earns above and beyond what it spends for salaries and other expenses.

Author

vgrijalva

106848

Card Set

Chapters 1-3

Description

vocab and questions

Updated

2011-10-06T06:48:34Z