Income Money or revenue coming into a business. Liability Insurance Risk protection for actions for which the business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred. The art of conducting and supervising a business. It isn't enough to just invest money in a business - the business must be nurtured, protected and helped along to success.
Managers do more than manage people, which most everyone understands, they also manage things.
Marketing All the things involved in making sales. Market Research Finding out as much as possible about potential buyers or customers including about the competition they buy from now. Market Survey A survey of a particular group of possible customers or aspect of a market. Examples of market surveys include pricing studies, test product surveys, surveys that look at the needs of a group of end users, and studies of shifting trends. Profit Return to a business person after all expenses, costs including taxes have been paid out of revenue.