A | B |
Profit | Money that remains after a business has paid its expenses |
Profit Motive | A person's incentive to work to gain something for himself or herself. |
Competition | A contest between businesses to win customers' business and loyalty. |
Needs | Items necessary for existence. |
Wants | Items that would be nice to have, but are not necessary. |
Consumer | A person who uses goods or services. |
Goods | Items businesses sell that can be physically weighed or measured. |
Services | Tasks that businesses perform or provide for customers. |
Business | The buying and selling of commodities and services; commerce; trade. |