Business Vocab Quiz

A product that is essential for survival

Specific, Measurable, Achievable, Realistic, Timed

Money that comes into a business

When costs are greater than revenue

When the business loses money, but you don't lose your personal possessions

A cost that doesn't change

Someone who starts their own business

When revenue is greater than costs

Costs that change as the number of customers changes

A good that is sold to customers, not businesses