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5 Cards in this Set
- Front
- Back
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What is a business?
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An organization that produces or distributes a good or service for profit.
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What is profit?
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The difference between earned income and expenses.
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What are the three major activities that any business engages in?
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Production, marketing, and finance.
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What is production?
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Making a product or providing a service.
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What is marketing (basic, broad definition)?
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The activities between a business and customers involved in buying and selling goods or services.
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