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10 Cards in this Set
- Front
- Back
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Wants
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things that you do 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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are 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 profi t by providing goods
and services to others in exchange for money. |
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Profit
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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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contest between businesses
to win customers |
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Market Research
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the act of gathering and analyzing
information about the wants, needs, and preferences of consumers in a certain market |
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Consumer
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person who uses goods or services
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