Key Terms

3. a business or organization acquiring goods or services to accomplish its goals
7. a measure of an organization's profit relative to its expenses.
8. the total amount of a given product or service a supplier offers to consumers at a given period and a given price level
10. everything that happens within a company to keep it running and earning money
11. a part of a corporation that is not part of its core functions but supplements it instead
12. information technology
13. an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.
15. working, done, or maintained without payment
18. the standards for morally right and wrong conduct in business
19. any transactions where money or value is exchanged for the ownership of a good or entitlement to a service.
20. Any business that grows goods or extracts materials from the land

1. the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
2. a chance to take advantage of a situation.
4. intuition is defined as subconscious expertise
5. the corpus of funds and credit employed in a business.
6. a farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.
9. a product, service, business model, or strategy that's both novel and useful
14. a company structure where teams report to multiple leaders.
16. anything that threatens an organization's ability to generate profits at its target levels
17. The quaternary sector consists of those industries providing information services