Intro Final

1. any activity that seeks to make a profit by satisfying need through selling goods or services and generating revenue
3. people or organizations that are rivals for a company's customers or resources
6. entrepreneurship, natural resources, capital, human resources, knowledge
7. amount of money a business makes after paying for all its costs
8. total amount of money that the selling of goods or services produces during a defined period of time
9. a person or an organization, such as a dealer or retailer, that helps sell goods and services to customers
12. the movement of the world economy toward becoming a more interdependent system
13. exchange of goods or services for an agreed sum of money
15. amount of output given the amount of input
16. tangible products
17. occurs when business expenses exceed revenues
18. the costs incurred in running the business
19. is a group of people who work together to accomplish a specific purpose
20. the arena of forces that encourage or discourage the development of business

2. intangible products
3. the people or companies that pay to use an organization's goods or services
4. allow the organization to create products, systems, or cultures that are not easily replicable
5. is to earn enough profit to cover its expenses and further its goals
10. not only digital but also all machines required to help a company get things done, including vans, vending machines, and surveillance cameras.
11. how many goods and services people can buy with the money they have
14. a person who sees a new opportunity for a product or service and risks time and money to start a business with the goal of making a profit