Intro to Entrepreneurship

Front

Items that businesses sell that can be physically weighed or measured

Back

Goods

Front

Tasks that businesses perform or provide for customers

Back

Services

Front

Items that would be nice to have but are not necessary

Back

Wants

Front

Money that remains after a business has paid all expenses of running the business

Back

Profit

Front

A business owned by one person

Back

Sole Proprietorship

Front

Activities that involve the day to day running of a business

Back

Operations

Front

A contract between a parent company and a franchisee to use the name and sell goods such as McDonald's

Back

Franchise

Front

A business owned by two or more people

Back

Partnership

Front

Recording and reporting financial data for a business

Back

Accounting

Front

Items necessary for existence

Back

Needs