- Define the term business
- Distinguish between goods and services
- Distinguish between profit, loss, and value
- Understand the difference between for-profit and nonprofit businesses
What is a business?
Note that the video above has no narration; only instrumental music. A hand sketches out the text written on the screen. Access the transcript of the text in the link below.
You can view the transcript for “What is a Business? Definition and meaning…” here (opens in new window).
For-profit vs. nonprofit business
You can view the transcript for “What is a Nonprofit?” here (opens in new window).