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- Basically its their plan for everything, demonstrated by the picture below

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- Cost of sales
- Sales cost (variable)
- Interest costs
- External fixes costs
- Cost of goods sold
- Fixed and variable costs

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- Exclusive the right conferred by a lawful claim or title. and subject to certain restrictions to occupy rent, sell, use, give away or destroy an item of property.
- You can own: a house, firm, dog, jewelry etc.
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- An entrepreneur is person who owns his/hers own business.
- Take on financial risks in hope of a profit in the end
- supplies risk capital as a risk taker
- Take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
- They control the business activities
- The entrepreneur is usually a sole proprietor

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- Profitability is closely related to profit
- Profit is an absolute amount, profitability is a relative amount.
- Collection of data
- Calculation of ratios
- Analysis of ratios
- Profitability is a measurement of the companys success or failure.
- you can make an profitability analysis
- Profitability can further be defined as the ability of a business to produce a return on an investment based on its resources in comparison with an another investment.

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- a stakeholder is a person or organisation that makes various contributions to a company, to ensure its continued existence.
- requires various forms of payment from the company for the efforts invested.
- Stakeholders are also known as interest groups.
- Stakeholders can contribute with for example labour, capital and goods etc.
- they expect payments from the goods they've supplied.