1.01 Purposes of Business

In your opinion, why do we need businesses in our society?

Who provides your needs and wants? Think of the people in your life, but also the businesses or other parts of society.

List as many as you can think of.

In your opinion, why do you think people start their own business?

1. USE YOUR NEW KNOWLEDGE

3. 1. Name a business you know.

1. 2. What is the purpose of the business? (i.e. what do they provide customers)

3. 3. Does the business provide goods or services or both? Explain!