Term
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Definition
| Money that remains after a business has paid for the expenses of running the business. |
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Term
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Definition
| A person's incentive to work to gain something for him or herself (that is to make money). |
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Term
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Definition
| Contest between businesses to win customers' business and loyalty. |
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Term
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Definition
| Items necessary for existence, such as clothing, food, and shelter. |
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Term
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Definition
| Items that would be nice to have, but are not necessary. |
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Term
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Definition
| A person who uses goods or services. Many times the consumer is also the customer (purchaser. |
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