Esrm 320 - Study guides, Class notes & Summaries

Business - correct answerAny activity that provides goods and services for a profit while satisfying consumer wants and needs`` Goods vs services - correct answerTangible vs intangible products Entrepreneur - correct answerA person who risks time and money to start and manage a business Revenue - correct answer/Sales -- amount of money a business receives by selling goods/services Profit - correct answer/Net income/earnings -- total amount of money earned after expenses are subtracte...

Business - correct answerAny activity that provides goods and services for a profit while satisfying consumer wants and needs`` Goods vs services - correct answerTangible vs intangible products Entrepreneur - correct answerA person who risks time and money to start and manage a business Revenue - correct answer/Sales -- amount of money a business receives by selling goods/services Profit - correct answer/Net income/earnings -- total amount of money earned after expenses are subtracte...