Entrepreneurship 1 Vocabulary

What is something you have to have to live?

• Wants

• Needs

• Goods

• Services

Someone who owns their own business

• Employee

• Investor

• Marketing

• Entrepreneur

A person who buys goods or services

• Customer

• Consumer

• Entrepreneur

• Employee

The activity of making, buying, or selling goods or providing services in exchange for money

• Entrepreneur

• Consumer

• Marketing

• Business

A person who uses the products or services

• Customer

• Consumer

• Employee

• Entrepreneur

Money coming in

• Expenses

• Profit

• Income

• Investor

To tell people about your product

• Customer

• Advertising

• Employee

• Investor

The money left after all expenses (income - expenses)

• Income

• Expenses

• Loan

• Profit

Work that is done by others

• Services

• Goods

• Employee

• Investor

When you borrow money and have to pay it back

• Income

• Loan

• Profit

• Expenses