The Nature of Business

3. type of business that primarily use labor to offer intangible products to satisfy consumer needs
8. creates products that customers need to satisfy needs
9. the number of similar products that will be bought at a particular point in time at a particular price
10. use the skills of employees to offer activities and assistance to satisfy customer needs
11. the activities between businesses and customers involved in buying and selling goods and services
12. an organization that produces or distributes a good or service for profit

1. produces goods used by other businesses, organizations, governments, or consumers
2. all businesses within a category doing similar work
4. all of the money matters involved in running a business
5. a person who purchases a good or service
6. number of similar products that will be offered for sale at a particular point in time and at a particular price
7. making a product or providing a service