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5 Cards in this Set
- Front
- Back
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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 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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a person who uses goods or services. Businesses decide what goods and services to produce to meet the needs and wants of consumers
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