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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 need to survive but would like to have
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Needs
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Thing that 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
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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 acct 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 and services
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