Business
What is the process of planning, implementing, and controlling the flow of goods and services within a business?
Supply Chain Management
What term describes the total amount of money a company receives in exchange for its goods and services?
Revenue
What is the primary goal of every business?
Maximize Profits
Which form of ownership in a business involves sharing profits and losses among partners?
Partnership
What term describes the process of turning raw materials into finished goods?
Manufacturing
What type of economic system is characterized by private ownership and free market competition?
Capitalism
What is the term for the process of bringing goods from producers to consumers?
Retailing
What is the process of identifying potential customers and convincing them to buy a product or service?
Sales
What is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time?
Balance Sheet
What is the term for the amount of money that a company has left over after paying all expenses?
Profit