the nature of business

Competition can be a strong motivator for business success

In a capitalist society, competition doesn't lead businesses to innovate and take risks

The difference between what it costs to make and sell a product and what a customer pays for it.

What does "within legal limits"

Organizations that don´t have the fundamental purpose of earning profits, although they may provide goods or services

A business also needs (a)   expertise to learn what  products consumers need and want and to develop, manufacture, price, promote, and distribute those products.

To earn a profit, a person or organization needs management___________________ to plan, organize, and  control the activities of the business

Groups have interest in the success and outcomes of a business

_____________have to put up resources—money or credit—to start a business

______________are responsible for the work that goes on within a business.