| A | B |
|---|
| value | relationship between price and benefits |
| business | organization providing goods and services to make a profit |
| profit | money earned minus expenses |
| loss | expenses exceed revenue |
| entrepreneur | people starting a business |
| standard of living | quality & quantity of goods and services available |
| quality of life | sense of well-being |
| nonprofits | contribute to community not generating monetary gain |
| factors of production | includes natural resources, capital, human resources, and entrepreneurship |
| business environment | setting |
| speed-to-market | product moves from a conception to commercialization |
| business technology | electronic devices that helps businesses be effective and efficient |
| World Wide Web | service allowing businesses access information |
| e-commerce | transactions conducted online |
| demographics | measurable characteristics of a population |
| free trade | international economic and political movement to help goods and services |
| General Agreement on Tariffs and Trade | international trade agreement lowering tariffs |
