Goods or Services
This is something you can touch and buy.
What is a good?
Businesses exist to earn this.
What is profit?
This function advertises products.
This person starts a business.
What is an entrepreneur?
this business function is responsible for making or delivering products
What is operations?
Getting a haircut is an example of this.
What is a service?
A person who buys goods or services.
What is a consumer (customer)?
This function hires and trains employees.
What is human resources?
Entrepreneurs usually solve these for customers.
What is a problem (need)?
This business has a great product but low sales. The 2 business functions that should improve are.
What is marketing and Finance?
Name one business that sells both goods and services
What is a convenience store?
A business studies customers, competitors and costs. this is called.
What is business planning (research)?
This functions manages money and budgets.
What is finance?
Entrepreneurs always succeed on their first try.
What is false?
2 things you should research before starting a business.
What is a need, cost, competition, target market or demand?