ENT Chapter 2 Key Terms Fill

Something that an individual or business owns.

The aspects of making, selling, and providing products in exchange for money.

Four forms of operational activities that play necessary roles in running a business, including finance, production, marketing, and management.

A company's plan for making a profit.

The amount of goods that consumers want.

The science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources.

Tangible item that is produced and sold to consumers.

Something that is owed by an individual or business.

Entrepreneurs’ research into consumer preferences.

A product essential to survival.