EC 002 Flashcards

1

Whenemployees are working faster or better, they are increasing their

2

Ifno profit is generated in the long run, a business must

3

Besidesmotivation, what does profit provide business owners in particular?

4

Theamount of money paid for raw materials and products sold is called

5

Themoney spent to run a business is called

6

Apopular product is said to be

7

Eachpurchase strengthens the economy by encouraging

8

Grossprofit shows business owners the difference between what they’ve

9

Touse resources wisely, business owners must reduce

10

Inbusiness terms, what is profit?

EC 002