What you’ll learn to do: explain the concept of business

The concept of business has enough definitions and applications that we could almost say that everything is business. Throughout this course we will explore the various functions, roles, and characteristics of business while keeping in mind that business is like the air we breathe—it’s everywhere!

The specific things you’ll learn in this section include:

• Define the term business
• Distinguish between profit, loss, and value
• Distinguish between goods and services