Business Fundamentals Key Concepts
Business
Systems
Fundamentals
and Entrepreneurship
Key Concepts
Business
Study
Systems
Guide.pdf
Fundamentals
and Entrepreneurship
Key ConceptsStudy
Systems
Guide.pdf
and Entrepreneurship Study Guide.pdf
Business
Fundamentals Key
Concepts Systems
and
Entrepreneurship
Study Guide
Business Fundamentals Key Concepts
Business
Systems
Fundamentals
and Entrepreneurship
Key ConceptsStudy
Business
Systems
Guide.pdf
Fundamentals
and Entrepreneurship
Key Concepts
Study Systems
Guide.pdfand Entrepreneurship Study Guide
, Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf
Terms in this set (44)
What is the main goal of most businesses? To earn a profit.
What is profit? Revenue minus expenses.
What are the four factors of production? Natural resources, human resources, capital, and entrepreneurship.
Who is an entrepreneur? A person who starts and manages a business while taking financial risks.
What is the difference between goods and services? Goods are tangible products; services are intangible activities performed for
customers.
What economic system does the United States primarily Capitalism.
use?
What is capitalism? An economic system where businesses are privately owned and operate for
profit.
What is socialism? An economic system where the government owns major industries.
Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship
Business
Systems
Fundamentals
and Entrepreneurship
Key Concepts
Business
Study
Systems
Guide.pdf
Fundamentals
and Entrepreneurship
Key ConceptsStudy
Systems
Guide.pdf
and Entrepreneurship Study Guide.pdf
Business
Fundamentals Key
Concepts Systems
and
Entrepreneurship
Study Guide
Business Fundamentals Key Concepts
Business
Systems
Fundamentals
and Entrepreneurship
Key ConceptsStudy
Business
Systems
Guide.pdf
Fundamentals
and Entrepreneurship
Key Concepts
Study Systems
Guide.pdfand Entrepreneurship Study Guide
, Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf
Terms in this set (44)
What is the main goal of most businesses? To earn a profit.
What is profit? Revenue minus expenses.
What are the four factors of production? Natural resources, human resources, capital, and entrepreneurship.
Who is an entrepreneur? A person who starts and manages a business while taking financial risks.
What is the difference between goods and services? Goods are tangible products; services are intangible activities performed for
customers.
What economic system does the United States primarily Capitalism.
use?
What is capitalism? An economic system where businesses are privately owned and operate for
profit.
What is socialism? An economic system where the government owns major industries.
Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship.pdf Business Fundamentals_ Key Concepts, Systems, and Entrepreneurship
