The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell the amount of money a business pays for the products or for any part of the products it sells.

Individuals or business to whom a business owns money or from whom its wants to borrow money.

The quantity of a good or service that buyers are ready to buy at a given price at a particular time.

The money that a business spends.

Money left after the cost of goods expense is subtracted from total income .

The money received by resource owners and by producers for suppling goods and services to consumers.

Money left after the cost of goods expense and the operating expense are each subtracted from the total income.

All of the expenses involved in running a business.

Pricing enterprise systems

An economic system in which individuals and groups rather then the government own or control the means of production the human and natural resources and capital goods used to produce goods and services.

A marketing function that involves determining and adjusting prices to maximize return and meet customers perception of value.

Monetary reward a business owner receives for taking the risk involves in investing in a business.

The desire to make a profit which moves people to invest in business.

Items that are used to accomplish another activity such as producing providing goods and services.

The possibility of loss o failure.

Vendors businesses from which other businesses buy goods or services.

Moines that individuals or businesses must pay to the government.

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

BE 205

Business Essential

Question	Answer
Cost of goods	The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell the amount of money a business pays for the products or for any part of the products it sells.
Creditors	Individuals or business to whom a business owns money or from whom its wants to borrow money.
Demand	The quantity of a good or service that buyers are ready to buy at a given price at a particular time.
Expenses	The money that a business spends.
Gross profit	Money left after the cost of goods expense is subtracted from total income .
Income	The money received by resource owners and by producers for suppling goods and services to consumers.
Net profit	Money left after the cost of goods expense and the operating expense are each subtracted from the total income.
Operating expenses	All of the expenses involved in running a business.
Pricing enterprise systems	An economic system in which individuals and groups rather then the government own or control the means of production the human and natural resources and capital goods used to produce goods and services.
Pricing	A marketing function that involves determining and adjusting prices to maximize return and meet customers perception of value.
Profit	Monetary reward a business owner receives for taking the risk involves in investing in a business.
Profit motive	The desire to make a profit which moves people to invest in business.
Resources	Items that are used to accomplish another activity such as producing providing goods and services.
Risk	The possibility of loss o failure.
Suppliers	Vendors businesses from which other businesses buy goods or services.
Taxes	Moines that individuals or businesses must pay to the government.

Created by: user-2014720

"Know" box contains:
Time elapsed:
Retries: