A/an is a framework of how a business intends to generate revenue. competitive advantage entrepreneurial mindset business model revenue plan profitability analysis Last year, Jackson Tooling had revenue of $740,000. Its business expenses were $505,000. What is the term used to describe the difference between revenue and expenses? annual sales sales profit price skimming owner's equity An organization that seeks to operate efficiently and effectively to achieve its goals without a profit motive is a(n). service business corporation business intermediary not-for-profit organization goods-producing business Matt has a small landscaping business and mows lawns and trims bushes for several families in the neighborhood. Matt has what type of business? manufacturing business goods-producing business not-for-profit organization merchandising business service business Businesses that need very large amounts of money, equipment, land and other material resources in order to get started and continue to operate are businesses. capital-intensive competitively-advantaged service sector not-for-profit labor-intensive not-for-profit The function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. logistics purchasing customer service facilities management financial Developing relationships with potential customers, designing promotional strategies, analyzing customer needs and establishing after-purchase support would fall under the function of a business. production human resources