{"id":2762,"date":"2023-02-19T16:10:46","date_gmt":"2023-02-19T16:10:46","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/dig-deeper-what-is-business\/"},"modified":"2024-12-09T18:53:41","modified_gmt":"2024-12-09T18:53:41","slug":"dig-deeper-what-is-business","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/dig-deeper-what-is-business\/","title":{"raw":"Fresh Take 1.1: What Is Business?","rendered":"Fresh Take 1.1: What Is Business?"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li>Define the term business<\/li>\r\n\t<li>Distinguish between goods and services<\/li>\r\n\t<li>Distinguish between profit, loss, and value<\/li>\r\n\t<li>Understand the difference between for-profit and nonprofit businesses<\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2 style=\"text-align: left;\">What is a business?<\/h2>\r\n<section class=\"textbox watchIt\">\r\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Ogrl1lFmHHg\" width=\"800\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\r\n<p>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.<\/p>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Principles+of+Marketing+Transcriptions\/What+is+a+Business_+Definition+and+meaning....txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cWhat is a Business? Definition and meaning...\u201d here (opens in new window).<\/a><\/p>\r\n<\/section>\r\n<h2>For-profit vs. nonprofit business<\/h2>\r\n<section class=\"textbox watchIt\">\r\n<p><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9475095&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=-z4ffc8LXqk&amp;video_target=tpm-plugin-dtpam5vj--z4ffc8LXqk\" width=\"800\" height=\"450\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/whatisanonprofit_transcript.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is a Nonprofit?\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li>Define the term business<\/li>\n<li>Distinguish between goods and services<\/li>\n<li>Distinguish between profit, loss, and value<\/li>\n<li>Understand the difference between for-profit and nonprofit businesses<\/li>\n<\/ul>\n<\/section>\n<h2 style=\"text-align: left;\">What is a business?<\/h2>\n<section class=\"textbox watchIt\">\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Ogrl1lFmHHg\" width=\"800\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>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.<\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Principles+of+Marketing+Transcriptions\/What+is+a+Business_+Definition+and+meaning....txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cWhat is a Business? Definition and meaning&#8230;\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h2>For-profit vs. nonprofit business<\/h2>\n<section class=\"textbox watchIt\">\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9475095&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=-z4ffc8LXqk&amp;video_target=tpm-plugin-dtpam5vj--z4ffc8LXqk\" width=\"800\" height=\"450\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/whatisanonprofit_transcript.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is a Nonprofit?\u201d here (opens in new window).<\/span><\/a><\/p>\n<\/section>\n","protected":false},"author":21,"menu_order":9,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"What is a Business? 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