Role of Business Flashcards
1
Q
Goods
A
Tangible
2
Q
Service
A
Intangible
3
Q
Profit
A
Sales revenue
4
Q
Income
A
Money received by a person for their labor.
5
Q
Choice
A
Selecting among alternatives.
6
Q
Economy
A
A marketplace where goods and services are traded for financial reward.
7
Q
Wealth
A
The more that is produced the more wealth is generated with the Australian economy.
8
Q
Employment
A
Business owners employ people for the expansion of their business.
9
Q
Innovation
A
Creating a new product, service, or process.
10
Q
Entrepreneurship
A
Start and operate a successful business with high risk.
11
Q
Quality of life
A
The well-being of an individual.
12
Q
What I need to remember
A
Profit
Employment
Income
Choice
Innovation
Entrepreneur
Wealth
Quality of life
