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10 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 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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Tasks 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 activity that seeks profit by providing goods and 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 businesses to win customers.
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Market Research
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The gathering and analysis of information 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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