Business Definitions

3. The act of making a good or service
5. A business opportunity that allows someone to start a business by legally using a business's Brand, expertise, ideas, and processes.
6. The movement of goods or services
8. Anyone who is willing to buy a good or service.
10. Something essential for survival such as food or clothing.
11. A person who combines the factors of production to create a business
13. A business owned by stockholders (investors) who share in its profits but are not personally responsible for its debts
14. Physical objects that someone produces such as food, clothing, or video games - also known as Products
17. Anyone or any business that makes a good or service to sell to others.
18. The purchase of a good or service

1. Something you desire that is not necessary for survival.
2. The study of how businesses, individuals, and governments make choices when faced with limited resources.
4. A name, term, sign, symbol, or design, or a combination of these, that identifies the products or services of one seller or group of sellers and differentiates them from those of competitors.
7. a business owned and managed by a single individual
9. Actions or activities that one person provides for another
12. a business owned by two or more people
15. any activity that seeks to provide goods and services to others while operating at a profit.
16. A corporate structure whereby the owners known as Members and are not personally liable for the company's debts or liabilities