1.1.3 - The purpose of business activity Flashcards
1
Q
What’s the purpose of business activity:
A
- to create a competitive market environment
- to introduce new products into a market
- to better suit customers needs and wants
2
Q
What’s the role of a business?
A
- to make a profit
- for individuals to gain personal income
- to meet customers needs and wants
- to find and fill a gap in the market
