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10 Cards in this Set

  • Front
  • Back
wants
things youd like to have but are not nessacary
needs
nessesities for life, and survival
goods
physical products
services
tasks performed by businesses or machines
resources
items people can use to obtain what they want
business
any commercial activity that seeks profit by providing goods an services
profit
money left over after business has paid its goods and services
competition
the contest between businesses to win consumers
market research
the act of gathering and analyzing information about wants,needs and preferances of consumers in a certain market.
consumer
a person that uses goods or services