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Chapter 1
People in Business
| Term | Definition |
|---|---|
| Business | People/organisations producing goods and services and supplying them to consumers. |
| Commercial Business | They sell goods to earn a profit. |
| Profit | The differance between what the business takes in and their expeniture. |
| Non-commercial | Does not aim to make a profit. Eg. Charaties, museums, etc.. |
| Stakeholders |