Definition
Supply/Demand
Cost and Benefits
Target Audience
Mixture
100
What is the definition of income?
financial gain received as wages/salaries, rent, interest, and/or profit
100
What does the word "supply" mean?
the quantity of resources, goods, or services that sellers offer at various prices at a particular time
100
What is a benefit of saving your money?
You can buy something you really want or something that is a better value.
100
What is the target audience for toys?
Children
100
What is the slogan for Kit Kat bars?
"Give me a break, give me break, break me off a piece of that Kit Kat bar!"
200
What is the definition of spending?
the use of money to buy goods and services
200
What does the word "demand" mean?
the number of consumers willing and able to purchase a good or service at a given point
200
What is a cost of spending your money right away?
You will have no money left.
200
What is the target audience for cars?
Boys
200
What are the three money making decisions that we discussed during our economics unit?
borrowing, saving, spending
300
What is the definition of borrowing?
promising to repay a given amount of money, often with added interest
300
If a product is in high demand, what will happen to a company's income? (increase or decrease)
increase
300
What is a benefit of borrowing your money?
You can buy something right away without having to wait.
300
What is the target audience for school supplies? (2 answers)
teachers and students
300
What are 2 key elements to remember when creating an advertisement?
target audience, color, words, pictures, visually appealing,etc
400
What is the definition of supply?
the quantity of resources, goods, or services that sellers offer at various prices at a particular time
400
If demand is high and supply is low, what will happen to the price of the product? (Increase or decrease)
increase
400
What is a cost of borrowing your money?
You have to pay someone back that you borrowed your money from.
400
What is the target audience for ice cream?
anyone who loves ice cream!
400
What is an example of a borrowing decision that a 6th grader might perform?
A 6th grader may need to borrow money from their parents to buy a new pair of shoes.
500
What is the definition of benefit?
something that satisfies one's wants
500
If the demand is high and the supply is high, what will happen to a company's income? (increase or decrease)
decrease
500
What is a cost of saving your money?
You do not get to buy what you want right away.
500
What is the target audience for the Pepsi commercial that stars Britney Spears?
People of all ages
500
Which business received the most votes during our classroom business share fair?
Uniqza!
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