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I.WHAT IS A course? Describe how carees and non realize organizations add to a rural areas metre of living and quality of life. A.BASIC CONCEPTS 1.A business sector is any activity that seeks profit by providing goods and services to others. 2. sugar is the amount a business earns above and beyond what it spends. CONCEPT chip shot 3.Businesses also provide people with the opportunity to become wealthy.B.BUSINESSES CAN return WEALTH AND A HIGH QUALITY OF LIFE FOR ALMOST EVERYONE. 1.ENTREPRENEURS are people who organize, operate, and assume the risk of starting a business. 2.Businesses are a part of an economic system that tendings to create a higher standard of living and quality of life for everyone. 3.The QUALITY OF LIFE of a country refers to the general well-being of a societyC.NONPROFIT ORGANIZATIONS USE BUSINESS PRINCIPLES. 1.Nonprofit organizations such as g all overnment agencies, public schools, charities, and social causes help make a country more responsive to all the inescapably of citizens. 2.A NONPROFIT ORGANIZATION is an organization whose goals dont take making a profit for its owners. 3.You need the SAME SKILLS to work in nonprofit organizations that you need in business, including information management, leadership, marketing, financial management. 4.Businesses, nonprofit organizations, and pop the question groups often strive to accomplish the same objectives.I.II.ENTREPRENEURSHIP VERSUS WORKING FOR OTHERS. Explain the brilliance of entrepreneurship to the wealth of an economy and show the relationship of profit to risk presumptuousnessA.There are TWO WAYS TO SUCCEED IN BUSINESS 1.One way is to rise up through the ranks of a sizable company. 2.The more risky path is to start your own business.B.OPPORTUNITIES FOR ENTREPRENEURS. 1.Millions of people cause taken the entrepreneurial risk and succeeded. 2.Entrepreneurs have come from all over the world to prosper in America. a.The number of Hispanic-owned businesses in the United S tates grew by 76% in the 1990s. b.Increases have also been made by Asians, pacific Islanders, American Indians, and Alaskan Natives.3.The number of women business owners has also dramatically increased.C. matching RISK WITH PROFIT 1.Not all businesses make a profit profit is revenue minus expenses. 2.REVENUE is the money a business earns by selling goods and services. 3.A LOSS occurs when a businesss costs and expenses are more than its revenue, the money a business earns by selling its products. 4.RISK is the chance you take of losing time and money on a business that may not prove profitable. CONCEPT drive out 5.Rewards and risk are related.