Intro to Business Review

Front

An organization that produces and distributes goods and services.

Back

Business

Front

Items sold by a business that you can see or touch

Back

Goods

Front

Activities provided by a business that cannot be touched.

Back

Services

Front

The amount of money made by a business after they pay expenses is called

Back

Profit

Front

Things that are necessary for survival are

Back

Needs

Front

Things that we would like to have, but are not necessary for survival are: Goods, Wants, Needs

Back

Wants

Front

A type of business that makes money from donations by people.

Back

Non-profit Organization

Front

A construction worker is an example of which factor of production?

Back

Labor

Front

A tree is an example of which factor of production?

Back

Land

Front

A tractor is an example of which factor of production?

Back

Capital