These are manufactured items that consumers can buy and own.
What are goods
100
physical things you can buy and own.
What are goods
100
These are the four main ways we transport goods
What are railroads (trains)/airline (planes)/highways (trucks)/Rivers (ships)
100
The person that makes is a producer, while the person who buys it is a...
What is a consumer
100
A waitress will give you food, but you tip her on the ___________ she provided
What is the service
200
Rapid production by machine of a large number of identical objects
What is mass production
200
The dollar value of all goods and services produced annually in the United States.
What is the GDP (gross domestic product)
200
The method of convincing people to buy a product is called...
What is marketing
200
"When I don't have a lot of money, i have to switch from my brand name product to...."
What is a generic product
200
The purpose of advertising is to _________ __________.
What is to sell products
300
Process of selling a good or service in which the same product, price, promotion, and distribution is used for all consumers in a particular market.
What is MASS marketing
300
If I offer medical care, golf lessons, or hair cutting, I am offering ___________ ____________.
What are personal services
300
bar codes are a part of this system...
What is the one-price system
300
if you apply for this, be sure you know what fees are associated with it...
What is a credit card
300
You can find these on every product you buy. They tell you about the manufacturer, the content of the product, and the weight or quantity of the items in the package
What are labels
400
form of credit that stores will grant to a customer
What is a charge account
400
Because Cuba decides what businesses will produce, Cubans must buy goods like cooking oil, shirts, and shoes on the ____________ _____________.
What is black market
400
These businesses do not need as many stores or local warehouses because they can ship to customers from a central point
What are internet sellers
400
If you make a large purchase, and are asked to pay with an _______________ _______, make sure you put as much money down up front as you can.
What is an installment plan
400
shoplifting, stealing, returning abused items, or damaging things in a hotel all fall under the broader category... (look the red heading)
What is Problems Caused by Consumers
500
Its like a credit card, but when you make a purchase it deducts from money you already have in the bank
What is a debit card
500
This person is most responsible for our modern system of mass production
Who is Henry Ford
500
You can use this to convince people to buy products they don't really need
What is advertising
500
This sets nationwide standards for, and inspects, meat, poultry and certain other foods sold in interstate commerce
What is the Department of Agriculture
500
If you get an injury from a product in the marketplace, it means this commission didn't do it's job.