In a capitalist society, competition doesn't lead businesses to innovate and take risks

The difference between what it costs to make and sell a product and what a customer pays for it.

What does "within legal limits"

Organizations that don´t have the fundamental purpose of earning profits, although they may provide goods or services

To earn a profit, a person or organization needs management___________________ to plan, organize, and  control the activities of the business

Groups have interest in the success and outcomes of a business

_____________have to put up resources—money or credit—to start a business

______________are responsible for the work that goes on within a business.

 A business’s major role is to satisfy the _____________ who buy its goods or services

____________involves coordinating employees’ actions to achieve the firm’s goals.

______________involves organizing people to work efficiently, and motivating them to achieve the business’s goals.

Managers plan, organize, staff, and control the tasks required to carry out the work of the company or nonprofit organization.

The focus of all _______________ activities is satisfying customers

_____________ includes all the activities designed to provide goods and services that satisfy consumers’ needs and wants

_______________ gather information and conduct research to determine what customers want.