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5 Cards in this Set

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  • Back
Business
individuals or organizations who try to earn a profit by providing products to satisfy people's needs
Product
a good/service with tangible and intangible characteristics that provide satisfaction and benefits
Profit
the difference between what it costs to make and sell and what a customer pays for it
Nonprofit Organizations
organizations that may provide goods or services but do not have the fundamental purpose of earning profits
Stakeholders
groups that have a stake in the success and outcomes of a business