Business activity Flashcards
1
Q
purpose
A
provide us customers with services and goods that meet our needs and wants
2
Q
goods
A
physically touch e.g. cars, bread, chocolate, water
3
Q
services
A
Intangible-cannot touch. e.g. insurance, website ,internet
4
Q
needs
A
cannot live without. e.g. water, food, shelter
5
Q
wants
A
things we dont need to survive but desire. e.g. phone, lemonade
6
Q
economic problem
A
wants=unlimited. needs=limited.
