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


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