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1.1.3 The role of business enterprise - Match-up

Match-up definitions and answers with key terms and examples. Press submit to check your answers.

Business
Goods
Services
Customer needs
Meeting expectations
Added value


Answers
Organisation offering goods or services in exchange, usually for money
Satisfying or exceeding customers' expectations to encourage repeat purchases
Intangible actions or experiences provided to customers, not physical items
Wants or requirements consumers expect a business to satisfy or fulfil
Physical, tangible items that can be bought, owned, and exchanged
Difference between input costs and selling price, reflecting extra benefits
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