Business Unit 1 key words

  • Created by: _a1.lydia
  • Created on: 02-04-18 14:54
Supplier
A business which sells (or supplies) products to another business
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Customer
Any person (or organisation) which buys or is supplied with a product or service by a business.
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Consumer
The person / business that ultimately uses / consumes the product or service.
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Markets
Where buyers and sellers meet to exchange goods or services
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Customer Needs
The wants and desires of customers
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Market research
The process of gaining information on customers, competitors and market trends through primary and secondary data
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Primary research
The gathering of new information, primary data, that has never been collected
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Survey
Research involving asking people or organisation questions- usually primary research
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Other cards in this set

Card 2

Front

Any person (or organisation) which buys or is supplied with a product or service by a business.

Back

Customer

Card 3

Front

The person / business that ultimately uses / consumes the product or service.

Back

Preview of the back of card 3

Card 4

Front

Where buyers and sellers meet to exchange goods or services

Back

Preview of the back of card 4

Card 5

Front

The wants and desires of customers

Back

Preview of the back of card 5
View more cards

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