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Hospitality & Tourism (legal and lawsuits (guarantee (formal promise…

- - - - Retailer // person or business that sells good to the public
      - Salesperson
        
        Customer
- - - - pays in event in the event of death during a specified term
    - - pays in benefit on the death of insured and accumulated cash
- - - - -operating expenses
        
        =net profit
      - total revenue-cost of goods
    - - amount of revenue over a period of a year
      - -cost of merchandise
        
        cost of materials used to create a product
        
        =gross profit