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