Business Basics

Business StudiesStarter Level

10 flashcards

Card 1 of 1010%

Question

What Is a Business?

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Answer

Definition

A business is an organization that sells goods or services to meet people’s needs and earn money.

Example

A bubble tea shop sells drinks people want, pays costs like rent and staff, and keeps profit if sales are higher than costs.

Quick Tip

Memory tip: Business = solve a need + get paid.

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