Introduction to Business

2. an item or service that is created and sold by a business
5. an individual who purchases goods or services for personal use
6. a plan that outlines expected income and expenses over a certain period
9. the action or business of promoting and selling products or service, including market research and advertising
10. the financial gain obtained when the revenue from business activities exceeds the costs
11. the desire of consumers to purchase goods and/or services
13. the costs incurred in the process of earning
15. the exchange of goods or services fro money; also refers to the total revenue generated from these transactions
17. divide your cost of labor by your total revenue
18. the various sources from which a business earns money, such as sales, subscriptions, or licensing
19. the total profit of a business after all expenses, taxes, and costs have been deducted from revenue

1. a unique design, symbol, or name that identifies a product or company and differentiates it from competitors
3. the total amount of money received by a business from its activities, such as sales
4. the difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue
6. an organization that provides goods and services to the community in exchange for money
7. an intangible offering that a business provides, such as consulting, repair, or education
8. a specific group of potential customers at whom a business aims its products and services
12. a formal document outlining the goals of a business, strategies for achieve them, and financial projections
14. a person who starts and runs a business, taking on financial risks in the hope of making a profit
16. the amount of product available