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  • The Purpose Of A Business
  • The purpose of a business is to fulfill the needs and wants of consumers.
  • Needs and wants
  • Needs are necessary for survival. Food, shelter, clothing, and water are some examples.
  • Wants are not necessary for survival but add pleasure/comfort to our lives. tvs, candy/soda, jewelry, MP3 players, and make-up are some examples.
  • Consumer
  • A consumer is someone who uses goods and services
  • Products
  • Products are physical goods or services that can satisfy customer needs.
  • Goods And Services
  • Some examples of services are hairdressers, dry cleaners, lawn care, and babysitting.
  • Some examples of goods are clothing, cars, computers, CDs, and phones.
  • Profit Motive
  • Profit Motive is the desire to make money. You can see the opportunity to make money in the marketplace.
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