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business part 4
final exams
12 cards·by angelfood17
profit
amount of money left over
consumer
person who selects,purchases,or disposes of goods and services
business
any activity that seeks profit by providing goods and services to others
competition
contests between businesses to win costumers
resources
anything that people can use to make or obtain what they need or want
business ethics
rules that govern how busnisses should conduct themselves
OSHA
divition of department of labor that sets and enforces work related health and saftey rules
FDA
goverment agency that protects consumers from dangerous or falsley advertised products
entreprenurship
accepting the risk of starting a business
risk
someone willing to take chances
economics
study of how society chooses to use recources to produce and distribute goods and services
sole propietorship
business owned by only 1 person