Entrepenuer - Study guides, Class notes & Summaries

BUS 110 exam 1 questions & answers 2024/2025 Value - ANSWERSrelationship between the price of a good or service and the benefits it offers Business - ANSWERSany organization or activity that provides goods and services to earn a profit Profit - ANSWERSmoney that a business earns in sales or revenue minus expenses Loss - ANSWERSOccurs when a business's expenses are more than its revenues Entrepenuer - ANSWERSpeople who risk their time, money, and other resources to start and man...

GMETRIX QUIZ 2 LATEST VERSION GRADED A+ In general which two characteristics define A small business? 1.)Fewer than 1,500 employees 2.)Less than $35.5 million revenue Physical or Digital -Bakery in your community -hair salon that makes appointments online Physical Physical or Digital -Online store that dropships camping gear -Bookstore on Amazon that sells eBooks Digital CEO The highest ranking CFO Creates budgets CIO Develops policies COO Oversees the day to day ...

Organization Organizations are groups of people, working interdependently, and providing specialized contributions toward a common end or purpose Organization Characteristics 1.Identity 2.Permanancy 3.Membership 4.Instrumentality 5.Division of Labor 6.Formal Policies and Procedures 7.Hierarchy of Authority 0:03 / 0:15 Unique to Sports Organizational mission, culture, structure Mission the organization's reason for existence Vision ambitions for their future ...

Humanities -Business and Economics Test Revision Questions And Answers Consumers - ANS-A consumer is a person who contributes to the economy by purchasing a good or service. Producers Producer - ANS-A producer is a person or group of people who contribute to the economy by selling or providing a good or service. Business - ANS-A person, partnership, or corporation engaged in the production of goods or provision of services. Usually, a profit-seeking enterprise. Consumers Goods - AN...

Study guide for exam 2 of business