| A | B |
|---|
| Profit-making Business | Businesses whose motive is to make a profit. |
| Service Business | Provides services rather than goods |
| Non-Profit Business | Focus on porviding a service instead of making a profit. |
| Product Business | Sell goods to consumers. |
| Combination Business | Businesses that sell a product and provide a service. |
| Profit Motive | The desire to make money. |
| Services | Task that businesses perform or provide for customers. |
| Profit | Money left after a business has paid expenses. |
| Goods | Items businesses sell that can be physically weighed or measured. |
| Sole proprietorship | A business owned by only one person |
| Partnership | A business owned by two or more people |
| Franchise | A contract between a parent company and a franchises to use the name and sell the goods or services of the parent company |
| Non-profit organization | A business whose goal is to provide a service rather than to make a profit, such as the Red Cross |
| Corporation | A business considered separate from the owners of the business by law and the owners are stockholders. |
| Multinational corporation | A company that does business and has business facilities in many countries. |
| Accounting | The process of recording and reporting the financial data for a business |
| Management | The process of leading and directing all or part of an organization |
| Marketing | the process of creating, promoting and presenting a product to the consumers |
| Information Technology | The process of creating, promoting and presenting a product to the consumers |
| Operations | The activities that deal with the hiring, firing, training and other persionnel (employee) issues |
