BUSINESS

BUSINESS
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  • THE PURPOSE OF A IS TO FILL THE NEEDS AND WANTS OF CONSUMERS.
  • PURPOSE OF BUSINESS
  • Wants are not necessary for our survival but add pleasure and comforts to our lives.
  • NEED & WANTS
  •  What are needs and wants.
  • Needs are things necessary for survival.
  • CONSUMER
  • A consumer is someone who uses goods or services.
  • PRODUCTS
  • GOODS AND SEVICES
  • goods-clothing,cars,computers, CDs services-hairdresser, dry cleaner, lawn care, babysitting
  • PROFIT MOTIVE
  • Profit motive- desire to make money; see the opportunity to make money in the marketplace.
  • products are physical goods or services that can satisfy consumer needs.
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