| A | B |
|---|
| Profit | Money that remains after a business has paid for the expenses of running the business. |
| Profit motive | A person's incentive to work to gain something for himself or herself (that is to make money). |
| Competition | Contest between businesses to win customers' business and loyalty |
| Needs | Items necessary for existence |
| Wants | Items that would be nice to have |
| Customer | A person who purchases goods and services. |
| 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 |
| Accounting | recording and reporting financial activity and transactions |
| Management | leading and directing all or part of an organization |
| Marketing | activities involving creating |
| Information Technology | activities involving the computer systems within the business |
| Operations | activities involved in the day-to-day running of a business |
| Human Resources | activities that deal with personnel (employee) issues |
