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Intro to Business 1.1

Terms review

AB
BusinessAn organization that produces or distributes a good or service for profit
ProfitThe difference between earned income and costs
ProductionInvolves making a product or providing a service
MarketingIncludes the activities between business and customers involved in buying and selling goods and services
FinanceDeals with all of the money matters involved in running a business
Industrial BusinessProduce goods used by other businesses or organizations to make things
Commercial BusinessBusinesses engaged in marketing, in finance, and in providing servcies as their primary business activities
Service Businessa type of commercial business that use mostly labor to offer mostly intangible products to satisfy consumer needs
IndustryA word often used to refer to all businesses within a category doing similar work


West Harrison, CSD
Mondamin, IA

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