WHAT IS BUSINESS?
A business any activity that provides good or service to consumers for the prose of making a
profit
GOODS
Are tangible items such as cars, televisons, etc
SERVICES
Any action or work performed for monetary comprensation like hospital service, lawyer service
etc
BUSINESS TERMS
INCOME
The money that an individual or entity recives in exchange for goods or services provides
PROFIT
The amount of income that a business retains after paying all the expenses
EXPENSES
The cost of making a good or a services in both row, materials and actually runing the business
LOSS
The negative financial outcome that accours whan expenses exceed renueve
A business any activity that provides good or service to consumers for the prose of making a
profit
GOODS
Are tangible items such as cars, televisons, etc
SERVICES
Any action or work performed for monetary comprensation like hospital service, lawyer service
etc
BUSINESS TERMS
INCOME
The money that an individual or entity recives in exchange for goods or services provides
PROFIT
The amount of income that a business retains after paying all the expenses
EXPENSES
The cost of making a good or a services in both row, materials and actually runing the business
LOSS
The negative financial outcome that accours whan expenses exceed renueve
