what is a business?
A business is any organisation that makes goods or provides services.
Goods are physical products. eg) burgers or cars
services are non-physical items eg) hairdressing.
Customer needs are the wants and desires of buyers/customers.
Businesses buy the products they need from suppliers - (firms selling products to other business)
Businesses sell to customers - ( the people who buy the products)
The individual using the product is calld a consumer
Market = any place where buyers and sellers meet to trade products- this can be a high street shop, or a website.
Businesses are likely to be in competion with other firms offering similar products.