EC-070
how a business makes themselves known
marketing/promotion
people who use goods to satisfy their wants
consumers
the resource responsible for the process of everything
Human Resources
anyone who uses a good or service
consumer
the amount an item is desired by customers.
What is Demand
gains on income
profit
desire for something that can only be had using money
economic want
responsible for choosing the best combination of materials
producer
process of giving a good for another in return
exchange
The amount of a product had
What is supply
selling items casually
sales
tangible objects that can be used for resale
goods
item used to produce goods
economic resources
money received from a manager or owner for work.
income
usefulness of something
what is utility
changing layouts,looks, or products off what consumers like
public interests
a limited amount of something
scarce
investing time and effort in new businesses
entrepreneurs
the money paid for a good or service
price
the amount of money available
what is buying power
responsibility to comply with consumers
social responsibility
an item purchased on the spot
impulse purchase
manufactured item used to produce a good
capitol good
the desire for something that may or may not be required
want
the best time for consumers to buy