LAP EC 002 Flashcards

1

Which of the factors that affect profit are usually able to be controlled?

2

To use resources wisely, business owners must reduce

3

If expenses are greater than income, there’s no

4

When employees are working faster or better, they are increasing their

5

A popular product is said to be

6

The money spent to run a business is called

7

In business terms, what is profit?

8

Which of the following is a general benefit profit provides:

9

In business terms, income is the money

10

For each new product it offers, a business seeks

LAP EC 002