Question

Task 6. Substitute the following definitions with the words In the box.

business
services
marketplace
revenue
net profit
goods
production
distribution
price
a business
1. money charged for an item of goods
2. commercial company
3. Producing, buying and selling of goods and services for profit
4. manufacturing of raw materials into finished products
5. money left over when all expenses are paid
6. products that people either need or want to purchase
7. movement of finished products from the factory to the mar¬ketplace
8. public place where people buy and sell goods
9. activities that people or groups perform for other people or organizations
10. income received during a particular period

Answer 1

1. money charged for an item of goods – price

2. commercial company - a business

3. Producing, buying and selling of goods and services for profit – business

4. manufacturing of raw materials into finished products – production

5. money left over when all expenses are paid - net profit

6. products that people either need or want to purchase – goods

7. movement of finished products from the factory to the marketplace – distribution

8. public place where people buy and sell goods – marketplace

9. activities that people or groups perform for other people or organizations – services

10. income received during a particular period - revenue