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B
C
D
E
100
The term for all activities involved in developing and exchanging products
What is business
100
degree Mrs. Flores has
What is a business degree
100
What is the customer of a service business often called
What is client
100
Mrs. Flores' sons name
What is Jordan
100
Mrs. Flores is this old
What is 40
200
Anything that is bought or sold
What is product
200
Customers who purchase good and services for their own use are called?
What are consumers
200
This kind of utility is added when a business changes the form of a good or service to make it more useful
What is Form (utility)
200
Anywhere buyers and sellers meet to buy and sell goods and services
What is a market
200
Difference between the income earned and the expenses incurred by a business during a specific period of time is called...
What is profit
300
Name Mrs. Flores' 4 dogs
What is Drake, Cole, Rocky, Chloe
300
A science that examines how goods and services are produced, sold, and used is called...
What is economics
300
This kind of economy is one in which economic decisions are based on a society's values, culture, and customs
What is traditional (economy)
300
This law says that the price of a product is determined by the relationship of the supply of a product and the demand for the product.
What is supply and demand
300
When an item is given up in order to gain something else
What is trade-off
400
Products businesses used to produce other goods
What is capital goods
400
Action or task that is performed, usually for a fee
What is service
400
organized way in which a nation chooses to use its resources to create goods and services.
What is economic system
400
Actions taken by two or more businesses attempting to attract the same customers.
What is competiton
400
when demand is higher than the resources available
What is scarcity
500
An individual or group who buys products
What is a customer
500
An economic system where the economic resources are privately owned by individuals rather than the government
What is capitalism
500
Work performed by people in businesses, also called human resources
What is labor
500
Something a person must have to survive
What is a need
500
What University did Mrs. Flores graduate from
Sul Ross State University
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