8th Grade Business Vocab

Front

Offers products to customers for profit.

Back

A Business

Front

Money a business brings in

Back

Revenue

Front

Money a business pays out

Back

Expenses

Front

Money left after expenses

Back

Profit

Front

Physical, tangible products that satisfy customer needs and wants.

Back

Goods

Front

Intangible product that satisfies customer needs and wants.

Back

Services

Front

Things we wish we could have

Back

Wants

Front

Essentials for survival

Back

Needs

Front

Process of making goods from raw materials.

Back

Production

Front

Activity, institutions, and processes for creating, communicating, delivering, and exchanging value offerings for customers and society.

Back

Marketing