Intro to Bus- Ch.1 & 2

_____________ are things that you do not have to have to survive, but would like to have.

The Decision Making Process Consists of how many steps

• 3

• 4

• 6

• 5

are physical products

are tasks that businesses perform for consumers

are things that you must have in order to survive

• wants

• needs

• cell phone

• goods

are items that people can use to make or obtain what they need or want

is any commercial activity that seeks profit by providing goods and services to others in exchange for money

• business

• competition

• market research

• the economy

Without profit, a company cannot survive

• True

• False

The reward for satisfying the needs and wants of consumers and businesses is

• wealth

• profit

• dividends

• revenue

Services are performed for free

• true

• false