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  • Purpose of a business
  • The purpose of the business is to fulfill the wants of the consumer 
  • needs and wants
  • The wants are things like cellphones, PlayStation, and junk food 
  • The needs are  food, water, shelter, and clothing 
  • consumer 
  • a consumer is someone who uses the goods or service 
  • product
  • products are goods and services that consumers buy
  • Good and Services
  • Goods are what we buy like clothing, cell phones, and cars.
  • services are hairdressers, lawn care, and babysitting.
  • profit motive
  • The desire to make money the marketing place
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