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What must business provide to comsumers in order to satisfy their wants and needs?
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What must business provide to consumers in order to satisfy their wants and needs?
goods and services
Why is business activity needed?
Business activity is needed to provide services and goods to satisfy wants and needs as well as to provide jobs. Business activity helps keep the economy going.
What is the explanation for the main characteristics of business?
The main characteristic of a business is to provide consumers needs and wants.
How do businesses satisfy needs and wants?
needs are essential to ones survival, while wants merely express a desire for something which could over time, help to satisfy a need. as societies become more complex, and as human begins take on more sophisticated lifestyles, their needs and wants increase. therefore a variety of needs and wants are expected to be satisfy.
What is an industrial firm?
Service firms provide assistance to satisfy specialized needs through skilled workers, such as doctors, travel agents, and taxi drivers.
What must business provide to consumers in order to satisfy their wants and needs?
goods and services
Why is business activity needed?
Business activity is needed to provide services and goods to satisfy wants and needs as well as to provide jobs. Business activity helps keep the economy going.
What is the definition of small business?
Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."Whether small or large, "business is an organized effort by individuals to produce and sell for a profit, goods and services that satisfy societies needs."
Why do business have to remain flexible nd responsive to cutomer needs and demad?
Businesses exist to satisfy customer needs, if these needs change, the business needs to adapt to the new change otherwise they will fall out of favor and lose customers, which may lead to the end of that business's life.
What is the organaized effort of individuals to produce and sell for a profit the products and services that satisfy society's needs?
business
Goals of Society?
there are two goals of society: 1.to provide protection to the people 2. to satisfy the institutions needs, by satisfying also the needs of the customers.
How entrepreneu investment satisfy community needs?
how does entrepreneu satisfy community needs
What do businesses do to satisfy peoples needs and wants?
Business seeks to satisfy the needs and wants of customers. Needs are things that we all need to survive: water Food shelter warmth Wants are everything else: A luxury Boat A New Car Air Travel Pets An expensive Watch Business does this by creating goods for sale - and providing them in a place where customers can buy them. Business also satisfies a customers needs by providing services such as hairdressers or cleaners.
Explain what is meant by a hierarchy of needs and provide examples of one or more products that might enable you to satisfy each of the four levels of need?
psychological needs;
What is the meaning of 'satisfy'?
The noun forms of the verb to satisfy are satisfier, satisfaction, and the gerund, satisfying.The noun for the word satisfy would be "satisfaction." The word "satisfy" is a verb, meaning to meet or fulfill the needs, desires, or expectations of something or other. The noun "satisfaction" implies the fulfillment of said needs, desires, or expectations.
What is the idea that a business should strive to satisfy customers needs and wants while generating a profit for the firm?
It is the Marketing Concept.
What is the explanation for the main characteristics of business?
The main characteristic of a business is to provide consumers needs and wants.
