Businesses Flashcards
1
Q
What do businesses do?
A
Businesses buy from suppliers and sell to customers
2
Q
What is meant by the term supplier
A
A business that sells products to another business
3
Q
What is meant by the term production?
A
Using raw materials labour and machinery to make products
4
Q
What is the difference between customer and consumer
A
A customer is a person or organisation that buys a product or service.
A little consumer is the person that uses the product
5
Q
What is meant by the term business?
A
A business is an organisation is purpose is to produce goods and services to meet the needs of customers.
