The costs involved in operating a business is called the _____________.

A service is a physical or tangible item that can be touched and used.

Earnings that a business received for the goods and services it sells are called ________________.

Goods are physical or tangible items that can be touched and used.

________________ is a written document that describes the strategy of creating a new business.

All of the following are examples of a product good except:

All of the following are examples of a service except:

_____________ is an example of expense.

Revenue can also be identified as income.

Revenue and profit are the same thing.

________________ is the difference between the income earned and expenses incurred by a business during a set time.

The name, term, or design that sets a product or business apart from it's competitors is known as the _________.

All of the following are examples of product production except ________________.

Tina has a clothing company, and must calculate her profit for the week. So far she has sold 23 of her $35 blouses, 15 of her $20 skirts, and 7 of her $44 dresses. She purchased the clothing from a wholesale company premade. She purchased the blouses for $10, the skirts for $8, and the dresses for $16.

What is Tina's total profit?

Eddie has a successful concrete company called Master Crete & Sons Inc. and has now hired three workers. His most recent job made the company $10,597. Before Eddie can pay himself, he must first pay all his expenses. It will cost him $1,473 for the concrete, $412.74 for the concrete truck and equipment rental, $609.32 for the company advertisements, and $545 for each employees 2 day wages. What is Master Crete's total expense cost not including the employee wages?

Eddie has a successful concrete company called Master Crete & Sons Inc. and has now hired three workers. His most recent job made the company $10,597. Before Eddie can pay himself, he must first pay all his expenses. It will cost him $1,473 for the concrete, $412.74 for the concrete truck and equipment rental, $609.32 for the company advertisements, and $545 for each employees 2 day wages. What is Master Crete's total expense cost including the employee wages?

Eddie has a successful concrete company called Master Crete & Sons Inc. and has now hired three workers. His most recent job made the company $10,597. Before Eddie can pay himself, he must first pay all his expenses. It will cost him $1,473 for the concrete, $412.74 for the concrete truck and equipment rental, $609.32 for the company advertisements, and $545 for each employees 2 day wages. What is Eddie's total profit?