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Entrepreneurship Flashcards | StudBud
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Entrepreneurship
Entrepreneurship
11 terms
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Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
When a business does something for you
Expense
Profit
Goods
Services
2
The cost of materials, labor and things needed to run a business
Services
Expense
Profit
Goods
3
How much of something is wanted by customers
Scarcity
Demand
Supply
Profit
4
When there is not enough of something for people to buy
Profit
Supply
Scarcity
Demand
5
A person that buys good or services from a store or business
Demand
Cohort
Supply
Customer
6
Another word for products
Goods
Expense
Profit
Services
7
What are things you would like to have?
Needs
Wants
Services
Goods
8
A person who starts a new business
Customer
Interpreter
Entrepreneur
Ecclesiastical
9
What are things you can't live without?
Needs
Goods
Wants
Services
10
How much of something is available.
Scarcity
Profit
Supply
Demand
11
The money a person or business makes after all the bills have been paid.
Goods
Services
Expense
Profit
