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Key terms defined

TermDefinition
Profit Money that remains after a business has paid for the expenses of running the business.
Profit Motive A person's incentive to work to gain something for himself or herself (that is to make money).
Competition Contest between business to win customers business and loyalty.
Needs Items necessary for exercise, such as clothing, food,and loyalty.
Wants Items that would be nice to have, but are not necessary.
Consumer A person who uses goods or services. Many times the customers is also the consumer(purchaser).
Goods
Created by: caseycombs1
Popular Marketing sets

 

 



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