Economics and Business Fundamentals
Economics
– and
Key Business
ConceptsFundamentals
and Practices
Economics–
Study
and
Key
Guide.pdf
Business
ConceptsFundamentals
and Practices –
Study
Key
Guide.pdf
Concepts and Practices Study Guide.pdf
Economics and
Business
Fundamentals –
Key Concepts and
Practices Study
Guide
Economics and Business Fundamentals
Economics
– and
Key Business
ConceptsFundamentals
and Practices
Economics–
Study
and
Key
Guide.pdf
Business
ConceptsFundamentals
and Practices –
Study
Key
Guide.pdf
Concepts and Practices Study Guide.pdf
,Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Terms in this set (143)
Goods Physical products you can buy
Services Work done for someone (not a physical product)
Resources Things used to make and provide goods and
services
Competition Rivalry among businesses trying to win customers
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
,Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Unlimited wants People always want more goods/services than
they can have
Profit Reward for satisfying the needs and wants of
consumers and businesses
Revenue Money a business earns from sales
Dividends Money paid to shareholders from profits
Market research Gathering/analyzing information about
consumers' wants, needs, and preferences
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
, Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Banking Example of a service
DVDs Example of a good (not a service)
Businesses must offer to stay Quality products, outstanding service, and
successful competitive prices (all of the above)
Needs Basic things needed to survive (food, water,
shelter, clothing)
Wants Things you would like to have but don't need to
survive
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Economics
– and
Key Business
ConceptsFundamentals
and Practices
Economics–
Study
and
Key
Guide.pdf
Business
ConceptsFundamentals
and Practices –
Study
Key
Guide.pdf
Concepts and Practices Study Guide.pdf
Economics and
Business
Fundamentals –
Key Concepts and
Practices Study
Guide
Economics and Business Fundamentals
Economics
– and
Key Business
ConceptsFundamentals
and Practices
Economics–
Study
and
Key
Guide.pdf
Business
ConceptsFundamentals
and Practices –
Study
Key
Guide.pdf
Concepts and Practices Study Guide.pdf
,Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Terms in this set (143)
Goods Physical products you can buy
Services Work done for someone (not a physical product)
Resources Things used to make and provide goods and
services
Competition Rivalry among businesses trying to win customers
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
,Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Unlimited wants People always want more goods/services than
they can have
Profit Reward for satisfying the needs and wants of
consumers and businesses
Revenue Money a business earns from sales
Dividends Money paid to shareholders from profits
Market research Gathering/analyzing information about
consumers' wants, needs, and preferences
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
, Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
Banking Example of a service
DVDs Example of a good (not a service)
Businesses must offer to stay Quality products, outstanding service, and
successful competitive prices (all of the above)
Needs Basic things needed to survive (food, water,
shelter, clothing)
Wants Things you would like to have but don't need to
survive
Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf Economics and Business Fundamentals_ Key Concepts and Practices.pdf
