| A | B |
|---|
| Wants | Things you do not have to have. |
| Needs | Things that you must have to survive. |
| Goods | Physical Products |
| Services | Tasks performed for consumers. |
| Resources | Items that people can use to make what they need or want. |
| Business | Any commercial activity that seeks profit by providing a good or service. |
| Profit | The money left over after a business has paid the expenses. |
| Competition | Contest between business to win customers. |
| Market Research | Act of gathering and analyzing information about wants, needs and preferences. |
| Consumer | Person who uses or buys goods or services. |
