The even more education you have, often the much better your career.

You are watching: Businesses seek to earn a profit by providing goods and services to others.

Define WantsThings you wish you can have.
Define servicesTasks that human being or devices perform.
To organize, regulate, develop, and sector are the tasks that happen behind every product or service.True
Define resourceAnything that civilization deserve to usage such as fuel, labor, or money, to make or achieve what they need or desire.
Define Needs.Necessary desires, such as food, sanctuary, and apparel.
Business affects you as a wage earner by offering you via solutions.False
Define GoodsMaterial things that have the right to be physically weighed or measured.
Knowledge helps you understand also the function of jobs in today's economy.True
Firm affects you as a consumer by giving products and also jobs.False
The steps in the decision-making process are: Identify the difficulty, List the alternatives, Determine what consumers want, Make the best decision, and also Evaluate you decision.False
What is the term for tasks that people or makers perform for payment?service
Necessary desires are needs.True
What happens in company and federal government does not make a distinction in your family's lives as consumers and as employees.False
Private wants are wants shared by many kind of civilization and also satisfied by federal governments.False
What is an activity that seeks profit by providing products or solutions to others?business
When your wants and also demands problem with your resources, you must make a choice.True
Which is a desire that federal government CANNOT satisfy?bicycles and skates
For the most component, local, state, and also federal governments accomplish public wants.True
What are most public wants satisfied by?regional, state, and federal governments
What have to service administer to consumers in order to meet their desires and needs?items and also services
Goods can be physically weighed or measured, however services cannot.True
__________ is the contest between businesses to win customers.competition
A ________________ is anypoint you deserve to usage to make or achieve what you desire or require.resources
_____________ are material points you can see and touch.goods
_____________ is the reward for satisfying consumers' wants and also demands.profit
_________ is who you are as soon as you pick, purchase, use, or dispose of items or solutions.consumer
What drives the economy?desires and also needs
Public desires...

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They are extensively shared by many, Government satisfies public desires, Instances include highmeans and parks
Which is the name for items human being have the right to use to make or obtain what they need or want?resources
Which is true of resources?Resources are limited
What have to you do prior to making a deciPProxy-Connection: keep-alive Cache-Control: max-age=0 xy-Connection: keep-alive Cache-Control: max-age=0 on?Determine the pros and also cons of alternatives.
Which question in the decsision making procedure would certainly best help you evaluate a decision after you put it right into effect?Would I make the very same choice again?
What is true of both individual and also business decisions?They have to be regular through worths and goals
What is a commercial activity that looks for profit by giving products in exreadjust for money?a business
What is profit?money continuing to be after expenses have actually been paid
What is true of businesses?They pay taxes and also administer work, The wealth they produce benefits the whole area, They are rewarded via revenues by satisfying customers
What is competition?a dispute to win customers
What does a competitive service must offer?exceptional business, great prices, top quality products
What must a service execute once emerging new products or services?focus on customer service
What is one outcome of efficient sector research?information that helps a service recognize opportunities
What can a service carry out if its products don't satisfy consumer's need?begin a new business
Create your very own activities