| A | B |
|---|
| Needs | Things you must have in order to survive. |
| Goods | Physical products (Skates, groceries, and telephones). |
| Services | Tasks that businesses perform for consumers. |
| Resources | Items that people can use to make or obtain what they need or want. |
| Wants | Things that you do not have to survive, but would like to have. |
| Profit | The money left over after a business has paid the cost of providing its goods and services. |
| Competition | The contest between businesses to win customers. |
| Market Research | The act of gathering and analyzing information about the wants, needs, and preferences of consumers in a certain market. |
| Consumer | A person who uses goods or services. |
| Business | Any commercial activity that seeks profit by providing goods and services to other in exchange for money. |
| empty | empty |
