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UNit 5

Basic Skills of Marketing

TermDefinition
Business License permission from the government to run a business
Resources the supplies needed to produce a good or service
Budget a plan for spending and saving money
Entrepreneur a person who starts a business
Good A product that is made to sell to consumers
Supply the amount of a product that is made
Income money that is earned
Demand the number of people who want to purchase a product
Service a job that is done by a producer for a consumer
Producer someone who provides a good or service for someone else
Consumer someone who buys a good or a service
Created by: 1ll234
Popular Marketing sets

 

 



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