Business Terms 1

All activities involved in developing and exchanging products:

• Trade

• Business

• House

• James Harden

Anything that can be bought and sold

• Product

• Service

• Customer

• Consumers

A physical item that can e touched

• Service

• Product

• Good

• Customer

An action or task that is performed, usually for a fee

• Product

• Service

• Good

• Customer

An individual or group who buys products

• Product

• Service

• Good

• Customer

A person who purchases goods and services for Personal use

• Good

• Consumers

• Product

• Lebron James

Something that is needed to survive

• Want

• Candy

• Need

• Batteries

Something that is NOT required to live

• Want

• Sugar

• Cars

• Need

A science that examines how goods and services are produced, sold and used

• Astronomy

• Geology

• Economics

• Chemistry

ALL of a nation's NATURAL resources found in nature

• Land

• City

• Space

• State