Exploring Business & Entrepreneurship Review

Services are...........

• clothing
• hairdresser
• personal care products
• computers

Products are.............

• nail technician
• lawncare
• clothing
• waitress

This is someone who uses goods & services.

• consumer
• customer
• business

Someone who purchases goods or services.

• customer
• consumer
• business
• opportunity

Things that are necessary for survival are called

• wants
• opportunities
• needs
• presents

A reason or motive for starting a business is the desire to make money.  This is called the

• profit margin
• opportunity
• function
• profit motive

This includes recording activities that deal with money so managers can make better business decisions.

• accounting
• profit motive
• services
• goods

Paying taxes, purchasing inventory, preparing payroll checks are all part of 

• management
• accounting
• marketing
• operations

This function of business is to make sure the organization meets its goals & obligations. 

• marketing
• operations
• management
• human resources

This is the process of satisfying the needs and wants of consumers through exchange.

• marketing
• management
• operations
• information technology