BUSINESS BAP064Introduction to Business Summary Dennis. Study guides, Class notes & Summaries
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BUSINESS BAP064Introduction to Business Summary
- Summary • 62 pages • 2021
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1. Describe the relationship between profit and risk, and show how 
businesses and nonprofit organizations can raise the standard of 
living for all. 
A business is any activity that seeks to provide goods and services to others while operating at a 
profit. 
Goods are tangible products such as computers, food, clothing etc. and services are intangible 
products such as education. 
An entrepreneur is a person who risks time and money to start and manage a business. 
Revenue is the total amount o...
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