Business Chapter 1

The things you must have in order to stay alive.

• Needs

• Wants

• Consumer

The extras; you don't need them to survive but they make life more pleasant.

• Needs

• Wants

• Consumer

A person or a business that buys and uses food, clothing, or anything grown, made, or provided by producers.

• Needs

• Wants

• Consumer

Is WATER a need or a want?

• Need

• Want

Is the LATEST SMARTPHONE MODEL a need or a want?

• Need

• Want

Sort out the following human needs according to the Maslow hierarchy of motivation.

• 5. Self-actualization

  4. Esteem

  3. Social

  2. Safety

  1. Physical

• 5. Esteem

  4. Self-actualization

  3. Social

  2. Safety

  1. Physical

• 5. Esteem

  4. Self-actualization

  3. Social

  2. Physical

  1. Safety

Is a general direction in society that may last for a long time.

• Trend

• Fad

• Fabulous

Is a craze that people take up quickly and then drop just a quickly.

• Trend

• Fad

• Fabulous

They make goods or provide services.

• Producers

• Good

• Services

Any item or product that you can purchase, possess, and use.

• Producers

• Good

• Services