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  • Purpose of Business
  • Hello everyone,Purpose of business is the fulfill the need and want of consumers
  • Need and wants
  • A need is necessary for existence,such as clothing, food, and shelter
  • Items that would be nice to have, but are not necessary
  • Consumer
  • A person who uses goods or services Many times the consumer is the also customer
  • Products
  • a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
  • Good and Services 
  • Items businesses sell that can be physically weighed or measured, such as ipods and cds
  • Tasks that businesses perform or provide for customers, such as haircuts and car washes
  • Profit motive
  • desire to make money; see the opportunity to make money in the marketplace.
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