Quiz 1 Flashcards
1
Q
value
A
relationship between price and benefits offering to consumers. ex. worth it to buy iphone?
2
Q
Business
A
activity providing goods and services in effort for money
3
Q
not-for-profit
A
focus on cause, not profit
4
Q
profit:
A
Financial reward from running a business. money business earns in sales minus revenue.
5
Q
entrepreneurs
A
risk time, money and the other resources to start/manage a business.
