The Buyer
What do we call a person who buys goods and services?
— A consumer
What do we call a person who starts and runs their own business?
— An entrepreneur
What word describes when we don’t have enough resources to meet everyone’s wants?
— Scarcity
What do we call the group of consumers a business aims its product at on Facebook?
— Target market
What do we call what a business earns — like winning a big street race prize?
— Profit
What do we call the amount of money a consumer has available to spend?
— Income
Our maker
God
What is the cost of borrowing money called?
— Interest
What do businesses use to promote their products to consumers on Facebook?
— Advertising
What do we call how much a product costs — like Vin Diesel saying “What’s the damage?”
— Price
What word describes what a consumer gives up when choosing one option over another?
— Opportunity cost
What is the name for the money a business earns from selling products?
— Revenue
What do we call the amount of goods producers are willing to sell?
— Supply
It started Marketplace
When customers prefer one brand — like always choosing Charger over Supra — what is this called? — BL
Brand loyalty
What do we call a business that sells goods directly to consumers?
— A retailer
Maker of the Outlander car
Mitsubishi
The symbol for Valadium
V
Original competitor for Facebook
MySpace
Taylor Swift write Out of the woods about him
Harry Styles
Manager of Manchester City who cost a lot of money to buy
Pep Guardiola
What do we call the cost of running a business, like rent or electricity?
— Expenses
What do we call the amount of goods consumers are willing to buy?
— Demand
What do we call the amount a facebook charges for its advertising space?
— Price
What is a short, catchy saying used in marketing — like “Ride or die”?
— A slogan