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

Which is an example of a want?

Which is a product (good)?

Which is an example of a need?

Tasks that businesses perform for consumers are called?

The contest between businesses to win customers.

The money left over after a business has paid the cost of providing its goods and services.

Commercial activity that seeks profit by providing goods or services to others in exchange for money.

Items that people can use to make or obtain what they need or want.

Market research provides information that can help a business

Businesses supply goods and services

A business may stop manufacturing a product because:

The basic needs of people include food, water, __________ and __________.

Businesses provide goods and services to satisfy wants and

An example of a public want is a family wanting a new car.

Unlike purchasing goods, services are performed for free. (Ex. Barbershop or Hair Salon)

Resources are items used to make and provide goods and services.

Physical (Tangible) products

Tasks that businesses perform for consumers

Any commercial activity that seeks profit by providing goods and services in exchange for money

What is the first step in the decision making process?

How are public wants different from private wants? (check all that apply)

What is your favorite brand of athletic apparel?

Which is a need?

What might be some good reasons that a computer is a need and not a want? (Pick 2)

Moana must restore the ____________ of Tafiti to save her island.

What is as fast as a cheetah as slow as a turtle and can transform into any shape or object?

What belongs to you but others use it more than you?