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Entrepreneur

An entrepreneur starts a business and takes risks to make a profit. A buyer purchases goods or services from a seller who owns a business establishment offering products. A successful business generates profit by meeting consumer demand for goods and services through its products, establishment, and services.

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Tony Anneb
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48 views1 page

Entrepreneur

An entrepreneur starts a business and takes risks to make a profit. A buyer purchases goods or services from a seller who owns a business establishment offering products. A successful business generates profit by meeting consumer demand for goods and services through its products, establishment, and services.

Uploaded by

Tony Anneb
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Entrepreneur - a person who starts a business and is willing to risk loss in order to make

money.

Buyer - it is the person who buys goods or services from the seller.

Seller - this person owns or manages the store or business establishment and offers goods,
products, or services to those who need it.

Product - it is manufactured following a process or grown and nurtured in order to be sold


for a profit.

Establishment - it is a facility supplying a public or market demand.

Profit - a financial gain, especially the difference between the amount earned and the
amount spent in buying, operating, or producing something.

Business - it is defined as an organization or enterprising entity engaged in commercial,


industrial, or professional activities.

Demand - a consumer’s desire to purchase goods and services and willingness to pay a
price for a specific good or service.

Goods - something you can buy and take home to use.

Service - the activity of making, buying, or selling goods or providing services in exchange
for money.

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