Entrepreneur Flashcards
(21 cards)
Entrepreneur
A person who uses resources to start a business
Business
An organization that makes a product or perfumes a service that is sold to people, other businesses, and the government.
Services
Work done for others, such as haircuts or car repairs
Goods
Items that can be bought or sold
Invent
To make or think of something that did not exist before
Trait
Having a special quality or characteristic
Resource
Something that is used to produce a good or service
Capital Resources
Buildings, tools, and machines that businesses uses
Human Resources
People who do the work that businesses need
Natural Resources
Things that occur naturally, such as air, water, minerals, and trees
Advertising
Persuading customers to buy good or service
Expense
Money spent for something
Profit
When a business makes more money in sales than it spends on expenses
Sales
An exchange of goods for money
Revenue
Money earned from sales
Loss
When a business pays more in expenses than it makes in sales
Customer
A person who buys something
Risk
The chance of loss or failure
Reward
What is gained from making a decision
Price
The amount charged for a good or service
Supply
The amount of good or service hat is available for sale
