Business Managment

An organisation that provides goods and sevices in order to satisfy the needs and want of the consumer.

• Need - something that we need to surivive (eg, food, shelter, clothing& water).
• Wants -  something which we do not require to survive but would make life more pleasurable.
• Goods - tangible products durable and single use (e.g, computer,match).
• Services - when something is provided/ done for you, (e.g, taxi driver, hairdresser.

• Primary- business organisations that use/ extract natural resources (e.g, fishing, farming).
• Secondary- business organisations involved in the manufacturing of goods (e.g, Car Manufacture).
• Tertiary - Business organisations that provide services (e.g, hairdressers, fire service).