Intro to Biz 1-4

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

• Business

• Company

• Wealth

• Building

Tangible products such as computers, food, clothing, cars, and appliances

• Computers

• Goods

• Food

• Car

Intangible products (that can’t be held in your hand) such as education,

health care, insurance, recreation, and travel.

• Travel

• Money

• Education

• Services
  

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

• Boss

• Manager

• Entrepreneur

• Market

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

• Revenue

• Expenses

• Selling

• Money

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

• Digital

• Profit

• History

• Beacon

When a business’s expenses are more than its revenues.

• Gain

• Spends

• Loss

• Career

The chance an entrepreneur takes of losing time and money
on a business that may not prove profitable.

• Enterprises

• Big Profits

• Matching

• Risk

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.

• Contractors

• Firms

• Stakeholders
  

• Family

An organization whose goals do not include making a personal profit for its owners or organizers.

• Forprofit organization

• Financial

• Gains

• Nonprofit organization