What is the core activity of most businesses?
Providing goods or services to customers.
What is the main goal of many for-profit businesses?
To generate a profit.
Besides profit, what might motivate some businesses?
Social impact or a specific cause (e.g., non-profit organizations).
Give an example of a business activity that doesn't directly involve selling a physical product.
Consulting services, house cleaning, or web design.
What are some of the different structures a business can have?
Sole proprietorship, partnership, corporation, etc.
Think of a store at the mall. What are some of the different departments within that business?
Sales, marketing, inventory management, human resources, etc.
How do businesses interact with each other?
They may buy supplies from each other, partner on projects, or compete for customers.
What are some of the factors that influence how a business operates?
Laws and regulations, competition, the economy, and technological advancements.
Why are businesses important in society?
They provide jobs, create products and services that improve our lives, and contribute to the economy.
Can you name someone who runs a business?
An entrepreneur, owner, CEO, or manager.
