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Ethics in the workplace chapter 1

AB
WantsThings we wish we could have
ServicesTasks that people or machines perform
NeedsThings we must have to survive
ResourceAnything that people can use to make or obtain what they want or need
GoodsMaterial things that can be weighed or measured
BusinessAny activity that seeks profit by providing goods and services to others
Competitionthe contest between businesses to win costumers
ConsumersA person who selects, purchases, uses, or disposes of goods or services
ProfitThe amount of money left over after a business has paid for the cost of producing its goods and services



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