3 Tutorials that teach What is Business?
Take your pick:
What is Business?

What is Business?

Author: Jeff Carroll

This lesson gives an overview of the basics of business. 

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

27 Sophia partners guarantee credit transfer.

245 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.


Source: Image of profit line, loss line, Creative Commons, Kelly Eddington; Image of crowd, office building, world, women on phone, blue jeans, images by Video Scribe, License held by Jeff Carroll; Image of hand holding paper, Public Domain, http://bit.ly/OcGLBF; Image of invisible hand, Public Domain, http://bit.ly/1pfSTC3.

Terms to Know
  • Business

    An organization that attempts to earn a profit through the sale of goods or services.

  • Entrepreneur

    A person who pursues a business venture with growth and expansion as a primary goal.

  • Free Enterprise System

    A market system with little control and regulation of business (by the government).

  • Loss

    When expenses are greater than sales - there is a loss.

  • Microeconomics

    An area of economic study that focuses on specific markets, choices, and behaviors that affect price, cost and demand.

  • Profit

    When revenue and sales are greater than expenses - there is a profit.