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Ch. 1 - Why Business? Flashcards | StudBud
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Ch. 1 - Why Business?
Ch. 1 - Why Business?
10 terms
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StudBud Administration
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390 plays
Basic Economic Concepts Intro to Business & Marketing
Flashcards
10 cards
F
Practice quiz
P
Host live
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Questions
10
Answers
1
Contest between businesses to win customers
Freedom
Profit
Olympics
Competition
2
Tasks that businesses perform for consumers
Profit
Services
Resources
Goods
3
A person who uses goods or services
Consumer
Distributors
Big Bird
Sellers
4
Motive of business
Profit
Debt
Quality Customers
Failure
5
Physical products
Needs
Wants
Services
Goods
6
Provides goods and services in exchange for money
Church
Economy
Business
Ronald McDonald House
7
Things you have in order to survive
Wants
Fortnight
Needs
Businesses
8
Gathering/analyzing info about wants/needs and preferences of consumers in a certain market
Market Research
Identify Opportunities
Survey
Profit Sharing
9
Things you do not have to have to survive
Water
Needs
Wants
Food
10
Items that people can use to make/obtain what they need/want
Needs
Wants
Economics
Resources
