Business Fundamentals Basics

Providing goods and services while operating at a loss

Providing goods and services while operating at a profit (correct)

Providing only services to others

Providing only goods to others

Goods are intangible, services are things you can touch and see

Goods are intangible, services are tangible

Goods are intangible products, services are tangible products

Goods are things you can touch and see, services are intangible (correct)

A person who works for a business

A person who buys goods for personal use

A person who risks time and money to start and manage a business (correct)

A person who provides goods and services without seeking profit

<p>The amount of money a business earns above expenses</p> Signup and view all the answers

<p>Starting a business involves risk</p> Signup and view all the answers

<p>When there is no need for goods or services in the market</p> Signup and view all the answers