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10 Cards in this Set
- Front
- Back
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wants
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are thing that you do not have to have to survive, but would like to have.
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needs
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are things that you most 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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are tasks that businesses perform for consumers.
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resources
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are items that people can use to make or obtain what they need or want.
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business
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is any commercial activity that seeks profit by providing goods and services to other in exchange for money
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profit
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is 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 wen customers.
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market research
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is the act of gathering and analyzing
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consumer
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is a person who uses goods or services
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