Functions
Utilities
Resources
America's Economy
Other Information
100
Planning
What is producing/selling products that satisfy customers?
100
Value
What does utility add?
100
All things used in production
What are Resources?
100
Private Enterprise
What is independent decisions by businesses known as?
100
What is Physical development of a country?
Infrastructure
200
Purchasing
What is obtaining objects for use of businesses?
200
Form Utility
What is making or producing products?
200
Land
What is the resource for things on Earth in thir natural state?
200
Producers
Who are resources owned by?
200
Scarcity
What is difference between wants, needs, and the resources available for the needs?
300
Marketing Information Management
What is gathering, recording, and analyzing information to aid in making decisons?
300
Place Utility
What is increased usefulness by the product's location?
300
Labor
What is the resource for people working in the economy?
300
Consumers
Who decides what is purchased?
300
Pure Market Economy
What economy has no government involvement?
400
Promotion
What is communicating information about products, services, images, or ideas to customers?
400
Time Utility
What is making a product available at the right time of year?
400
Capital
What is the resouce of rmoney needed for a business?
400
the customer
Who buys the product?
400
Supply Curve and Demand Curve
What are graphs showing relationships of price and quantity?
500
Distribution
What is physical movement/transfer of ownership of a good?
500
Five
How many types of Utility are there?
500
Factors of Production
What is the technical term economists use for resources?
500
Demand
What is quality of a product? (what they want)
500
Law of Supply
What is the price of product increased, and more will be produced?
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