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Business terms Flashcards | StudBud
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Business terms
Goods
Wants
Business terms
5 terms
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StudBud Administration
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1
Wants
Things that you need in order to live
Things that you do not wish to have
Things that add comfort and pleasure to your life
Things that are required in order to live
2
Goods
Things that you cannot see
Things that you can see but not touch
Things that you can see and touch
Things that are not touchable or visible
3
Needs
Things that are not required in order to live
Things you would not like
Things you would like to have
Things that are requred in order to live
4
Natural Resources
Materials chemically changed into another material
Raw materials supplied by nature
Materials made by factories
Materials produced at the same time they are consumed
5
Services
Things that are required in order to live
Things that you can see and touch
Activities that are produced but not consumed
Activities that are consumed at the same time they are produced
