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Concentration

The Nature of Business

AB
businessorganizations or individuals that earn a profit
producta good or service to satisfy customer needs
non-profit organziationUNESCO
stakeholdersgroups that have some interest in a business
managementcoordinating employees to achieve goals
marketingactivities designed to satisfy customers
natural resourcesforests, land, water, minerals
human resourseslabor
financegetting and managing money
free-market systemeconomic decisions not involving government
investorspeople who give funds to own part of a company
financial resourcesfunds used to operate a company
goodsproducts
servicesactivites that offer an intangible product
economic systemway a country distributes resources
competitionrivalry among companies



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