the dynamic nature of business Flashcards
1
Q
What is a product?
A
A product is anything that is capable of satisfying customer needs
2
Q
what is a service?
A
A service is an act that a business person carries out for you in exchange for money
3
Q
what does obsolete mean?
A
Obsolete means a product that is no longer used or out of date
4
Q
what are original ideas?
A
Original ideas are ones that have not been used before to put a product or service into production
