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  • purpose of a business
  • businesses fulfil the needs and wants of consumers
  • needs and wants
  • needs are things that are necessary for survival there are some basic needs like food shelter clothing and water
  • wants are not necessary for our survival but add pleasure and comfort to our lives
  • Consumer 
  • A consumer is someone who uses goods or services 
  • products
  • desire to make money see 
  • services are hairdresser dry cleaner lawn care babysitting.
  • goods and services
  • goods are clothing cars computers and CDs.
  • Profit-motive 
  • Profit motive is the desire to make money see the opportunity to make money in the marketplace 
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