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Business 1

What is the definition of an entrepreneur? A person who attempts to earn a profit by taking the risk of operating a business enterprise.
What is profit? Money that is made after paying the cost or your business expenses.
What is risk? Exposing yourself to a chance of loss.
What is the definition of a business enterprise? An establishment that supplies us with products/services in exchange for payment. Payment can be cash, checks, paypal, credit cards, debit cards and gift cards.
What are three ways in which you can start a business? Scratch, existing, and franchise.
What is the definition of entrepreneurship? Owning and/or managing a business enterprise.
What is the definition of a product? A tangible item. Tangible is defined as something you can touch.
List three examples of products. Airpods, bracelet, and computer.
What is the definition of a service? Tasks we pay others to do for us. They are intangible. Intangible is defined as something you cannot touch.
List three examples of services. Calling a plumber, getting a haircut, serving food.
Created by: 31hollander
 

 



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