Business Studies. Chapter 1: Developing a business mindset. Understanding what businesses do. What is a business? Business—any profit-seeking organization that provides goods and services designed to satisfy customers’ needs
Chapter 1: Developing a business mindset
The consumer’s perspective
The manager’s perspective
Which product meets my needs?
How can I learn more?
How will it make me feel about myself?
Can I afford it?
Where can I buy it?
Can I get service after I buy it?
What product should we make?
How can I reach buyers?
What is our brand image?
What will it cost to produce?
Which are the best retail channels?
What support services does the customer expect?
Valuable goods & services
Contributing to national growth, stability, & security
Pollution & waste
Health & safety risks
Causing financial instability