Sports & Entertainment Marketing Review 2024

Front

The amount of money remaining from income after all expenses are paid refers to...

Back

profit

Front

Profit motive means that a company

Back

makes decisions on how to use resources in ways that result in the greatest profit.

Front

The study of how goods and services are produced, distributed, and consumed is considered...

Back

economics

Front

_________ is the effect produced by decisions made by consumers and businesses.

Back

economic impact

Front

What was Tom's profit after spending $50 for gas and $15 for work gloves, when his uncle paid him $150 for his help?

Back

$85

Front

Evan earned $450 by doing yard work. His profit was $325. How much were his expenses?

Back

$125

Front

When a business does not make enough revenue to cover its expenses, this is known as a ________

Back

loss

Front

To calculate a businesses "profit", the calculation we use is:

Back

Revenue - Expenses

Front

When a business makes decisions on how to use resources in ways that result in the greatest profit, they have a ______ ______

Back

Profit Motive

Front

Any form of communication used to inform, persuade, or remind people about a business's products.

Back

Promotion