Introduction to Business

Money earned after expenses

• Cold Hard Cash

• Profit

• Money

• Investment

Participant that creates a business

• Entrepreneur

• Owner

• Manager

• Employee

A physical, tangible item provided by business

• Service

• Good

• Product

• Item

Participant needed in an established business to make ultimately make money

• Employees

• Owners

• Consumers

• Investor

Getting your hair cut or lawn mowed

• Work

• Assistance

• Labor

• Service

Any activity that is intended to produce a profit

• Commerce

• Industry

• Occupation

• Business

Money put into a business to help it succeed

• Investment

• Loan

• Expenditure

• Asset

No formal protection other than contractually

• Patent

• Trade Secret

• Copyright

Protects inventions

• Patent

• Trademark

• Copyright

• Trade Secret

Inventions are protected for how many years?

• 10

• 30

• 20

• Indefinitely