| A | B |
|---|
| Wants | things that you don't need to survive but would like to have. |
| Needs | Things you must have to survive. |
| Goods | Physical Products |
| Services | Tasks that businesses perform for consumers. |
| Resources | Items that people can use to make or obtain what they need or want. |
| Business | Any commercial activity that seeks profit by providing goods and services to others in exchange for money. |
| Profit | The money left over after a business has paid all its expenses. |
| competition | The contest between businesses to win customers. |
| Market Research | the act of gathering and analyzing the wants, needs and preferences of consumers in a market. |
| Consumer | A person who uses goods or services |
