Busad 250 glossary - Study guides, Class notes & Summaries

Business Answer Any profit-seeking organization that provides goods and services designed to satisfy customers' needs. Revenue Answer Money a company brings in through the sale of goods and services. Business Model Answer A concise description of how a business intends to generate revenue Profit Answer Money left over after all the costs involved in doing business have been deducted from revenue. Competitive Advantage Answer Some aspect of a product or company that makes it more app...