S3 Business - UB Homework 1

An organisation is....

A good is

• something a business does for others

• a tangible item that can be seen and touched

• is intangible

• satisfies wants

A service is.....

• Intangible - something that is done for you

• Something you can see and touch

A chocolate bar is an example of

A hairdresser is an example of ...

Which of the following is an example of a need

• Iphone

• Milk

• Holiday

• Car

Which of the following is an example of a want.....

• Iphone

• Basic food

• Basic shelter

• Basic clothing