Chapter 1: Introduction To Business Flashcards
0
Q
What is a business?
A
A business is an organisation that provides goods and services to the consumers in order to make a profit.
1
Q
What is profit?
A
It is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
2
Q
What are finished goods?
A
Finished goods are goods that are ready for customers to buy and use.
