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What is the difference between goods and services according to the text?
What is the difference between goods and services according to the text?
Goods are tangible items that can be physically seen and touched for sale, while services are intangible activities, work done for someone by someone else, usually for pay.
What is the difference between needs and wants as per the text?
What is the difference between needs and wants as per the text?
Needs are things essential for living, such as water, clothing, warmth, protection, and food. Wants are goods or services which people would like to have, but which are not essential for living.
Why are businesses important according to the text? Provide at least 3 reasons.
Why are businesses important according to the text? Provide at least 3 reasons.
- They raise the standard of living. 2. They provide jobs for people to earn money. 3. They provide consumers with important products that make life easy.
How do people start a business? List the steps mentioned.
How do people start a business? List the steps mentioned.
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What are the definitions of goods and services provided in the text?
What are the definitions of goods and services provided in the text?
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Needs: Are things essential for living. Water, Clothing, Warmth, Protection, ______, Food
Needs: Are things essential for living. Water, Clothing, Warmth, Protection, ______, Food
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Wants: Are goods or services which people would like to have, but which are not essential for living. Why are ______ important
Wants: Are goods or services which people would like to have, but which are not essential for living. Why are ______ important
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Step 1: choosing a business You need : 1. To be passionate about it 2. To have the knowledge that enables you to do it. 3. To think of problems you want to ______
Step 1: choosing a business You need : 1. To be passionate about it 2. To have the knowledge that enables you to do it. 3. To think of problems you want to ______
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Step 2: name your business choosing a business is only the beginning, now you need to build your plan. Start by describing your ______
Step 2: name your business choosing a business is only the beginning, now you need to build your plan. Start by describing your ______
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Goods: are tangible items that can be physically seen and touched for sale. Services : are intangible activities , work done for someone by someone else ,usually for ______
Goods: are tangible items that can be physically seen and touched for sale. Services : are intangible activities , work done for someone by someone else ,usually for ______
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