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SEVI 2053 EXAM 1

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Terms in this set (93)

1.1 What must a business do to be successful in todays world

HR, Informational, material financial

1. 2 Business definition

the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs

1.3 economics definition

study of how wealth is created and distributed

1.2 Business risks and rewards

Profit!
Different customers, different needs