Wants
Is food a want or a need?
need
What is marketing?
Selling and promoting goods.
What are goods?
Things you can buy
What is a service?
work done for you.
What happens when you give money for a product?
An exchange.
Is a new video game a want or a need?
Want
Money
Is a phone a good?
Yes
Is a haircut a service?
Yes.
Money for the shirt.
what is a want?
something you would like to have
Why are customers important?
They buy things?
Can goods usually be touched?
What does a mechanic provide?
A service.
Why do people exchange money for goods?
Why do people have wants?
Beacause they like or desire certain things
What do customers have that businesses try to meet
What is something you can buy and take home?
A good.
Name two services for everyday use?
A haircut, and a carwash.
What are the two sides of an exchange?
A buyer and a seller
What is something people desire but don't need for survival?
A want.
What does a happy customer usually do
What is the difference between goods and services?
Goods are physical and services are work done for you.
What is something a business does for a customer
A service
If you give my friend $5 and they give you a game, what happened?
An exhange