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WorksheetsEntrepreneurship 1 Vocabulary
Total questions: 20
Worksheet time: 10mins
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
The act of trying to promote and sell products or services to a specific group of people
Advertising
Investing
Services
Marketing
A person who works for a business
Entrepreneur
Investor
Business
Employee
Products that can be sold or used; tangible items
Goods
Services
Wants
Needs
Money that you pay out for bills, expenditures, etc. (Money going out)
Income
Profit
Expenses
Loan
Things you would like to have
Income
Profit
Needs
Wants
Someone who invests their time, knowledge, money, etc to help a business
Entrepreneur
Employee
Investor
Consumer
A cell phone is an example of what
Need
Income
Profit
Wants
Paying the rent for the building is an example of
Income
Expense
Profit
Loan
Trying to get pet owners to buy a dog toy is an example of
Services
Goods
Business
Marketing
What is an example of an expense?
Rent
Light bill
Paying for all inventory and supplies
All of the above
