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Business
Any commercial activity that seeks profit by providing goods and services to others in exchange for money
Competition
The contest between businesses to win customers
Consumer
A person who uses goods or services
Goods
Physical products
Market research
The act of gathering and analyzing information about the wants, needs, and preferences of consumers in a certain market
Market
A group of people who exchange goods and services
Needs
Things that you must have in order to survive
Profit
The money left over after a business has paid the cost of providing its goods and services
Resources
Items that people can use to make or obtain what they need or want
Services
Tasks that businesses perform for consumers or tasks that people or machines do for a price
Wants
Things that you do not have to have to survive but would like to have
