商槪(商学精要)期末重点整理版.docVIP

PAGE PAGE 1 Chapter 1 Define business and profits Business An organization that provides goods and services to earn profits Profits: The positive difference between revenues and expenses rewards for businesspeople who take the risks 2. Distinguish between business and not-for-profit organizations Business consists of all profit-seeking activities and enterprises that provide goods and services necessary to an economic system. [ent?pra?z] 事业，项目 Not-for-profit organizations are business like establishments (机构;团体;企业) that have primary objectives other than returning profits to their ow