Business Terms

2. money and all other assets which are used in the process of production
5. A business or administrative concern which is set up for a particular purpose
7. Intangible commodities or work that are performed for remuneration
9. The excess of revenues over expenses in a business
11. A good, often an agricultural product or a natural resource, that is traded and interchangeable with goods of the same type.
12. The act of selling goods or services

1. Any situation which brings buyers and sellers into contact to transact business.
3. The exchange of goods or services without the use of money
4. This occurs when the income of the business is less than the expenses
6. The complex of activities concerned with the production, distribution and consumption of goods and services.
8. A person who purchases goods and services for his own personal needs.
10. Commodities that are tangible and are generally not consumed at the same time that they are produced.