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Maintain Business Records
All businesses needs records to keep track of performance and to make decisions. Business are requireded by government to submit information and keep records

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Producers-  create products and services used by individuals and other business
(Manufacturers)

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Buying good and services- all businesses buy goods and services, they use them for their own operations

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5.3% unemployment rate

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6.5 million business employ 20 or less people

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The number of working women has doubled since the 2000''s

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Raising Capital- A business needs financial resources in order to operate. Resources are used buying equipment, buildings and hiring workers

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Most businesses don't have a lot of employees

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Marketing refers to the activities directed at providing good and services wanted by a businesses consumers

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Businesses budget their money, or decide what is done with the revenue

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Just over 886,000 businesses employ 20-100 people

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890 companies employ 10,00 people

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Following the 9/11 terrorist attacks, a recession resulted in a loss of jobs through 2003. From 2003 to 2008 total employment grew by nearly 6 percent. A recession in 2009 resulted in a loss of more than 775 thousand jobs.

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Generating Ideas- A business begins with a new  idea. Someone must have an idea for a new product or service or a new way to carry out a business process.

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About 6.5 million companies employ fewer than 20 people

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Intermediaries are businesses involved in selling goods and services of producers to consumers and other businesses

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Service business- carries out activities that are consumed by consumers.

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The average age of workers in 2020 will be over 50.

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35% of woman work outside the home and that number has nearly doubled since 2000 and in 2018 woman in the USA are expected to own 47% of American jobs

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most U.S. businesses are quite small