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What is Business (IBM 1-1)

Horizontales
When a business spends more than they earn
When a business earns more than they spend
costs incurred by a business in the process of generating revenue
This type of business sells an intangible product. They are paid to do something for the customer.
Business that sells products purchased from manufacturers, wholesalers, or other middlemen, and are sold at a higher price to the consumer
This type of business exists to provide public services, enforce laws, or manage public resources and does not earn a profit
any organization or enterprise that provides and sells products to meet the wants and needs of customers for a profit
Verticales
= revenue - expenses
Type of business that develops a product and sells it either directly to the customer or to a wholesaler or retailer
funds that flow into a business from its primary activity, such as the sale of products
This type of business operates for charitable or social purposes providing services such as healthcare
Businesses that develops products and sell either directly to the customer or to a wholesaler or retailer
You sell this if you get paid to do something for someone. They are intangible meaning you can’t physically touch it.
items sold that are tangible, meaning that you can physically touch/own them.