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1.1.1b Goods and services, needs and wants

What is a need?

A

A need is a basic human requirement that a person must have.

B

A want is something a person would like but must have.

C

A service is a physical item that a person must own.

D

A need is a luxury product that improves a person’s lifestyle.

1.1.1b Goods and services, needs and wants Flashcards

  1. GCSE
  2. /Business
  3. /1.1.1b Goods and services, needs and wants

Flashcards for AQA GCSE Business 1.1.1b Goods and services, needs and wants, covering the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2. 24 cards, matched to the AQA GCSE Business (8132) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.