1. Business

2. What is Business Is defined as any activity that seeks profit by providing goods or services to others

3. What Business Provides Provides for wants and needs Provides opportunity

4. Business Activities Determines opportunity for products and services Evaluates the demand for products and services Obtains funding (start up and operating) Sets up and manages all factors for producing goods or services Produces goods and services Markets goods and services Keeps records

5. Business Motivations What motivates business?

6. How is Profit Obtained Sales Cost

7. The Driving Force Customer wants and needs Competition

8. Business and You As a Consumer: You dictate what products and services are manufactured based off needs and wants

9. Business and You As a Wage Earner Products and services are developed People are employed to produce goods and services Salaries are earned Goods and services are purchased