I. WHAT IS A BUSINESS?
Describe how businesses and nonprofit organizations add to a country's standard of living and quality of life.
A. BASIC CONCEPTS
1. A BUSINESS is any activity that seeks profit by providing goods and services to others.
2. PROFIT is the amount a business earns above and beyond what it spends. CONCEPT CHECK
3. Businesses also provide people with the opportunity to become wealthy.
B. BUSINESSES CAN PROVIDE WEALTH AND A HIGH QUALITY OF LIFE FOR ALMOST EVERYONE.
1. ENTREPRENEURS are people who organize, operate, and assume the risk of starting a business.
2. Businesses are a part of an economic system that helps to create a higher standard of living and quality of life for everyone.
3. The QUALITY OF LIFE of a country refers to the general well-being of a society
C. NONPROFIT ORGANIZATIONS USE BUSINESS PRINCIPLES.
1. Nonprofit organizations such as government agencies, public schools, charities, and social causes help make a country more......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 1727
Approximate Pages: 7 (260 words per double-spaced page) |