Studied by 3 people
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.
Note 
Flashcard (85)