Business - Business & Entrepreneurship Business is any...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Business is any activity that seeks to provide goods and services to others while operating at a profit. Profit is the is the amount a business earns above and beyond what it spends for salaries and other expenses. Entrepreneur is a person who risks time and money to start and manage a business. Businesses provide people with the opportunity to become wealthy. In addition, businesses provide necessities such as food, housing, and medical care. Match Risk With Profit Revenue is the total amount of money a business takes in during a given period by selling goods and services. A Loss occurs when a business’s expenses are more than its revenues revenue – expenses = Profit Entrepreneurs PROVIDE EMPLOYMENT for other people. They also PAY TAXES that are used for schools, hospitals, and other facilities. Businesses are a part of an economic system that helps to CREATE A HIGHER STANDARD OF LIVING and quality of life for everyone. Standard of Living/Quality of Life
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/26/2012 for the course GEB GEB1011 taught by Professor Henn during the Spring '10 term at Broward College.

Page1 / 2

Business - Business & Entrepreneurship Business is any...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online