The purpose and nature of businesses
- Created by: shaangill
- Created on: 15-12-17 09:21
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- The Purpose & Nature of Business
- Wants
- A want is something that a business wants for its own gain. For example, a want can be lots of money, a mansion or a pet.
- Needs
- Needs are things that a business must need to start. For example, water, food, shelter etc.
- Goods and services
- Goods are tangible that you can trade and transport. A service is paying for something to be done, for example a haircut or a window cleaning.
- Entrepreneur
- An entrepreneur is someone who takes risks to improve their business.
- Social Enterprise
- A social enterprise is a business that is based on a cause. They are usually non-profit
- Sector of Industry
- There are 3 sectors of industries, primary, secondary and tertiary.
- Wants
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