{"id":142,"date":"2021-10-12T23:14:11","date_gmt":"2021-10-12T23:14:11","guid":{"rendered":"https:\/\/kidbizwiz.com\/course\/how-do-businesses-make-money\/"},"modified":"2021-10-13T00:27:52","modified_gmt":"2021-10-13T00:27:52","slug":"how-do-businesses-make-money","status":"publish","type":"tva_lesson","link":"https:\/\/kidbizwiz.com\/course\/how-do-businesses-make-money\/","title":{"rendered":"How do businesses make money?"},"content":{"rendered":"<p>Businesses make money by selling their products and services so consumers will buy them.<\/p>\n<p>They also have to watch how much they spend on things like labor, supplies, rent, advertising and taxes.<\/p>\n<p>If a business spends more on something than it makes back in sale revenue, it runs the risk of going out of business. If they spend less on something than they make back, it&#8217;s called a <em><strong>profit<\/strong><\/em>.<\/p>\n<p><strong>What is profit?<\/strong><\/p>\n<p>Profit is what&#8217;s left over after a business pays for everything it needs to stay open. If the money that&#8217;s left over is more than they paid to provide the product or service to the customer, they make a profit. <\/p>\n<p>A profit can also be called &#8220;the bottom line&#8221;.&nbsp;<\/p>\n","protected":false},"template":"","_links":{"self":[{"href":"https:\/\/kidbizwiz.com\/wp-json\/wp\/v2\/tva_lesson\/142"}],"collection":[{"href":"https:\/\/kidbizwiz.com\/wp-json\/wp\/v2\/tva_lesson"}],"about":[{"href":"https:\/\/kidbizwiz.com\/wp-json\/wp\/v2\/types\/tva_lesson"}],"wp:attachment":[{"href":"https:\/\/kidbizwiz.com\/wp-json\/wp\/v2\/media?parent=142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}