10 Key Business Vocabulary Words 1. Entrepreneurship: The process of starting and running a business, typically involving innovation and risk-taking. 2. Profit: The financial gain obtained by subtracting expenses from revenue. 3. Market: The total demand for a product or service within a specific area or among a particular group of people. 4. Investment: The act of allocating resources, usually money, with the expectation of generating income or profit in the future. 5. Revenue: The total income generated by a business from its normal operations, often measured over a specific period. 6. Strategy: A plan of action designed to achieve a specific goal or objective. 7. Supply Chain: The entire process of making and selling a product, from the raw materials to the end consumer. 8. Networking: Building and maintaining professional relationships with others for mutual benefit. 9. SWOT Analysis: An acronym for Strengths, Weaknesses, Opportunities, and Threats - a strategic planning tool used to evaluate a business's internal and external factors. 10. Diversification: Expanding a business by entering new markets, developing new products, or acquiring other businesses.