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5th step in 5 STEPS in the DECISION-MAKING PROCESS
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
The contest between businesses to win customers.
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
Any commercial activity that seeks profit by providing goods or services.
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
The money left over after a business has paid the cost of providing its goods and services.
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
A person who uses goods or services. (Products are discontinued when there is NO demand for them from the consumer.)
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
Tasks that businesses perform for consumers.
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
Physical products—i.e. groceries, phones, etc.
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
2nd step in 5 STEPS in the DECISION-MAKING PROCESS
goods
profit
consumer
Evaluate your decision.
services
competition
Identify possible courses of action. (hypotheses)
business
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