Business 1.1 The purpose and nature of businesses

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Business

GCSE Business Studies

AQA

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4 Terms

1
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A Good

A physical product, such as a car. (Tangible)

2
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A service

An intangible product (that is, you

cannot touch it), such as financial

advice or a bus journey.

<p>An intangible product (that is, you</p><p>cannot touch it), such as financial</p><p>advice or a bus journey.</p>
3
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Customer

Someone who buys a product from a business

4
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Consumer

Someone who uses goods and

services produced by businesses,