BUS 1.0 Formative

Items you need to survive

• Wants

• Needs

• Service

• Good

Items you like to buy, but don't need

• Wants

• Needs

• Service

• Good

Products, which can be seen or touched, that can be purchased to meet needs and wants.

• Wants

• Needs

• Service

• Good

Activities that meet consumer needs and wants.

• Wants

• Needs

• Service

• Good

This person determines what products and/or services are available for sale.

• Producer

• Consumer

• Resource

• Labor

Anything needed to achieve needs and wants

• Consumer

• Producer

• Resources

• Technology

An Apartment To Live In

• Want

• Need

Tickets to a Taylor Swift Concert

• Want

• Need

Hydration

• Want

• Need

Dinner From An Expensive Restaurant

• Want

• Need