S3 Needs and Wants

A business is an ​ (a)   that makes, buys or sells ​ (b)   or provides a ​ (c)   .

• organisation
• goods
• service

All businesses aim to satisfy consumer ​ (a)   ​

• needs and wants
• goods and services
• needs and services
• needs and goods

WANTS are the basic requirements that are essential for survival.

• true

• false

​ (a)   are the basic requirements that are essential for survival.

• Needs
• Wants

NEEDS are things we would like to have but don't need to survive.

• true

• false

​ (a)   are things we would like to have but don't need to survive.

• Wants
• Needs

Organize these options into the right categories

Groups:

(a) WANTS

,

(b) NEEDS

• holiday

• going to the cinema

• food

• mobile phone

• shelter

• TV

• water

• hair straighteners

• clothing

A GOOD can be.... (choose 2 answers)

• provided for us

• durable

• non-durable

• a service

​ (a)   are things that are provided for us, we cannot touch them.

• Services
• Goods

DURABLE means it will last a short time.

• true

• false