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Section 1

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Term
Definition
Free Enterprise System   show
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show The amount earned above the amount of expense incurred for payment.  
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show The result when a business spends more money than it earns.  
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show A person who transforms ideas for products or services into real-world businesses  
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show Money supplied by investors, banks, or owners of a business.  
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Service Business   show
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Merchandising Business   show
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Manufacturing Business   show
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show A business owned by one person.  
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show A business as co-owned by two or more persons, called partners, who agree to operate the business as co-owners.  
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Corporation   show
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show The legal permission, granted by a state, that gives a corporation certain rights and privileges and spells out the rules under which the corporation is to operate.  
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