Intro to Commerce

Front

needs

Back

things that are necessary for survival, such as water and food

Front

consumer

Back

someone who purchases goods and services to satisfy needs and wants

Front

money

Back

any token, with an agreed value, that people accept as payment in exchange for a good or service

Front

goods

Back

items that you can see or touch

Front

services

Back

things done for you by others

Front

Commerce

Back

the buying and selling of goods and services between individuals and businesses

Front

price

Back

the amount of money a consumer is prepared to offer in exchange for a good or service

Front

wants

Back

things that are not essential for survival but that we would like to have

Front

business

Back

any organisation that produces and sells goods and services in order to make a profit

Front

budget

Back

a list of income and likely expenditures