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20 Cards in this Set
- Front
- Back
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Wants
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Things that a person does not have to have to survive, but would like to have
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Needs
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Things that you must have in order to survive
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Goods
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Physical products
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Services
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task that businesses perform for consumers
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Resources
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Items that people can use to make or obtain what they need or want
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business
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Any commercial activitiy that seeks profit by providing goods any services to others in exchange for money
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profit
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The money left over after a business has paid the cost of providing its goods and services
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competition
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the contest between business to win customers
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market research
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The gathering and analysis of imformation on the size, location, and makeup of a product market
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consumer
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person who uses goods and services
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|
|
Wants
|
Things that a person does not have to have to survive, but would like to have
|
|
|
Needs
|
Things that you must have in order to survive
|
|
|
Goods
|
Physical products
|
|
|
Services
|
task that businesses perform for consumers
|
|
|
Resources
|
Items that people can use to make or obtain what they need or want
|
|
|
business
|
Any commercial activitiy that seeks profit by providing goods any services to others in exchange for money
|
|
|
profit
|
The money left over after a business has paid the cost of providing its goods and services
|
|
|
competition
|
the contest between business to win customers
|
|
|
market research
|
The gathering and analysis of imformation on the size, location, and makeup of a product market
|
|
|
consumer
|
person who uses goods and services
|
