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Businesses
provide goods and services to satisfy wants and needs.
Commercial activity
Business is any that seeks profit by providing goods and services to others in exchange for money.
Competition
is possible because companies have the freedom to produce the products they think will be the most profitable.
Consumer
A(n) is a person who uses goods or services.
Physical products
Goods are .
Business managers
Higher- level usually make more important decisions that affect the future of their companies.
Profit
is the money left over after a business has paid the cost of providing its goods and services.
Market research
is the act of gathering and analyzing information about the wants, needs, and preferences of consumers in a certain market.