Business Basics

Business Basics
The purpose of Business Basics is to provide practical information to primary and elementary students about the organization and operation of a business in a free enterprise system.

Business Terms
Entrepreneur - a person who organizes a new business and takes the risks and makes a profit.

Marketing - the activities needed to get a product to a consumer.

Production - making products for sale

Profit - money left after all expenses have been paid.

Profit = Income - Expenses