STUDY SHEET 1. You should have read Chapters 1-4, BUSN10. 2. The core goal of successful businesses is to generate long-term prots by delivering unsurpassed to their customers. 3. A business is anyr organization that provides and in an effort to earn a . 4. When a business brings in less revenue than its expenses, the business incurs a . When a business brings in more revenue than its expenses, the business earns a 5. People who risk their time, moneyr and other resources to start a business are called 6. The quality and quantity of goods and services available to a population is called the of 7. During the Revolution, huge factories replaced skilled artisan workshops with large numbers of semiskilled workers. 3. Large-scale entrepreneurs emerged in the second half of the 1300's building business empires. This was called the Era. '9. Name the other three Eras and identify the Era where businesses began to develop brands and distinctive identities. Era Era Era 10. Name the factors of Production and describe each. 11. The main focus of a non-prot is to . BUA 1301 Page 1