It refers to the external factors that affect the business like the needs and wants of the people.
Environment
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10
Businesses are not only affected by the personal entrepreneurial competencies of the owner but it is also affected by ____________ and _______________.
Market and Environment
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5
A place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. - A particular audience.
Market
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5
These are the things that every individual needs in order to live with dignity.
Needs
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eraser
Reset score!
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fairy
Take points!
5
10
15
20
25
gift
Win 25 points!
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baam
Lose 20 points!
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5
A tangible item that is put on the market for acquisition, attention or consuption. Examples are cars, jewelries, and computers.
Products
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trap
No points!
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star
Double points!
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rocket
Go to first place!
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banana
Go to last place!
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5
These are desires, luxury and extravagance that signify wealth and an expensive way of living.
Wants
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5
Intangible item which arises from the output of one or more individuals. It is usually a result of the interaction between the customer and the business owner or staff.