Chapter 1: Business Now
Nonprofit organizations are not in the business of:
Timber, water, coal deposits, and solar energy are classified as:
The stock market, housing foreclosures, and unemployment rates are all part of an organization’s _____ environment.
Government agencies such as the Small Business Administration and the Federal Trade Commission help reduce the risk of starting and running a business. The result of these efforts leads to:
free enterprise and fair competition.
_____ provides information to businesses about where people live and their traits, such as race, gender, age, income, and education.
As competition has become truly global, free trade has resulted in _____ prices and _____ quality across virtually every product category.
Value is the relationship between the _____ of a product or service and the benefit that it offers its customers.
To be successful, entrepreneurs must be comfortable risking their money and _____ to start and manage a business.
The core goal of business is to generate long-term _____ by delivering _____ to their customers.
Business will incur a _____ when expenses are higher than revenue.