business

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Last updated 11:05 AM on 8/15/26
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10 Terms

1
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Business

An organization or entity engaged in commercial, industrial, or professional activities.

2
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Entrepreneur

A person who starts and runs a business, taking on financial risks in the hope of profit.

3
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Marketing

The process of promoting, selling, and distributing a product or service.

4
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Finance

The management of large amounts of money, especially by governments or large companies.

5
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Investment

The action of allocating resources, usually money, to generate income or profit.

6
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Supply and Demand

Economic model of price determination in a market; the quantity of a product available and the desire of consumers.

7
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Market Research

The activity of gathering information about consumers' needs and preferences.

8
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Profit

The financial gain obtained when the revenue from a business exceeds its expenses.

9
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4 ps of marketing

Product, Price, Place, and Promotion.

10
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Business profit

Revenue (Money in) - Total Costs (Money out).