Define business

Front

What is the definition of business?

Back

Any commercial activity that seeks profit by providing goods and services to others in exchange for money

Front

What is the definition of profit?

Back

The money left over after a business has paid the cost of providing its goods and services

Front

What is the definition of target market?

Back

A group of people identified as those most likely to become customers

Front

What is the definition of competition?

Back

The contest between businesses to win customers

Front

What is the motive of business?

Back

To make a profit

Front

Sketchers competes with… Chick Fil A, Starbucks, Whole Foods

Back

Foot Locker

Front

What is the result of competition?

Back

Lowest possible cost