General Business Concepts

Front

What is a Company?

Back

An organization that sells products or services.

Front

Define Business.

Back

The activity of buying, selling, or providing services.

Front

What is an Industry?

Back

A group of businesses related to a certain product or service.

Front

What does Market refer to?

Back

A place or area where products are bought and sold.

Front

Who is a Customer?

Back

A person who buys a product.

Front

What is a Client?

Back

A person who receives a service.

Front

Define Supplier.

Back

A person or company that provides products.

Front

What is a Product?

Back

An item that is made and sold.

Front

What is a Service?

Back

Work done to meet a need, like transport or cleaning.

Front

What is Price?

Back

The amount of money something costs.