General Business Chapter 1 Quiz

Things not needed to survive.

• needs

• goods

• wants

• services

Person who uses goods or services.

• marketer

• business person

• manager

• consumer

Commercial activity that seeks profit by providing goods or services.

• business

• market

• economy

• capitalism

Tasks businesses perform for consumers.

• goods

• services

• needs

• wants

Gathering and analyzing information about wants and needs of consumers.

• marketing

• promoting

• analyzing

• market research

Money left over after business has paid all its costs.

• services

• wants

• goods

• profit

Things you must have to survive.

• needs

• wants

• profit

• services

Items people use to make or obtain what they want or need.

• needs

• wants

• resources

• money

Contest between businesses to win consumers.

• fight

• competition

• profit

• market research

Physical products.

• wants

• needs

• services

• goods