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  • Purpose of Business
  •  business fill needs and wants 0f  consumers
  • Need and Wants
  • Needs are things that are necessary for survival like  food clothes etc.
  • Wants-are not necessary for our survival but add pleasure and comfort to our lives.  Examples of wants are MP3 players, TVs, sodas, candy bars, jewelry, and make-up.
  • Consumer
  • a person who uses goods or services
  • Products
  • products are phsical goods or services
  • Goods and Services
  • Goods—clothing, cars, computers, CD's etc.
  • Services—hairdresser, dry cleaner, lawn care, babysitting etc .
  • Profit Motive
  • desire to make money
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