1.1 What is a Business? Flashcards
1
Q
Goods
A
Physical products produced and sold to customers
Examples such as laptops, purfumes, toys etc.
1
Q
Needs
A
The basic nessessities that a person needs in order to survive.
Examples such as water, food, shelter etc.
2
Q
Primary Sector
A
Includes all those activities the end purpose of which consists in exploiting natural resources
Examples such as fishing, agriculture etc.
3
Q
Production
A
4
Q
Quaternary Sector
A
5
Q
Secondary Sector
A
6
Q
Services
A
7
Q
Tertiary Sector
A
7
Q
Wants
A
8
Q
Adding Value
A
9
Q
Businesses
A
10
Q
Consumers
A
11
Q
Customers
A
12
Q
Entrepreneurs
A
13
Q
Entrepreneurship
A
