Business Basics Check In

offers a product or service to its customers to earn a profit

money a business brings in

money a business pays out

the money left after paying expenses

when a business' expenses are greater than their revenues

businesses that provide services to the community, not looking to make money

physical, tangible products a business sells that satisfy customers needs and wants

an intangible product that is bought or sold and satisfies customer needs and wants

things we wish we could have

things that are necessary for our survival