
Business Terminology
Flashcard
•
Business
•
10th Grade
•
Easy
Rebecca Clark
Used 4+ times
FREE Resource
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33 questions
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1.
FLASHCARD QUESTION
Front
Business
Back
An organization that produces or sells goods and services to satisfy customer needs while seeking to generate a profit.
2.
FLASHCARD QUESTION
Front
Expenses
Back
The costs incurred by a business in the process of generating revenue, such as rent, salaries, and utilities.
3.
FLASHCARD QUESTION
Front
Goods/Product
Back
Tangible items that are produced and sold to consumers, such as clothing, electronics, or food.
4.
FLASHCARD QUESTION
Front
Loss (Financial)
Back
When a business’s total expenses exceed its total revenue, resulting in a negative financial outcome.
5.
FLASHCARD QUESTION
Front
Market
Back
A place or system where buyers and sellers interact to exchange goods, services, or financial assets.
6.
FLASHCARD QUESTION
Front
Manufacturer
Back
A business that produces goods by converting raw materials into finished products, which are then sold to wholesalers, retailers, or directly to consumers.
7.
FLASHCARD QUESTION
Front
Non-Profit Organization
Back
An entity that operates for a purpose other than making a profit, such as charity work, education, or community service.
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