Producer or Consumer?
VOCABBBBB!
Smart Shopping
Good or Service?
VOCABBBB! 2
100

Mrs. Gauthier at Target?

Consumer

100

Give two examples of a service

Dog Wash, hair cut, cleaner, painter...

100

What season can you buy the cheapest swimsuits?

Winter

100

Haircut?

Service

100

What is another word that means consumer?

Customer

200

Doctor?

Producer

200

What is a producer?

Someone selling a good or service
200

The Switch 3 just came out... There is very limited supply. What will happen to the price?

The cost will increase

200

McDonalds?

Goods

200

What is a consumer?

Someone paying for a good or service
300

Kids running a lemonade stand?

Producers

300

Define goods

A product that is made or grown

300

Halloween is over. What happens to the demand? What happens to the cost? Why?

The demand decreases, so the cost decreases.

300

Target?

Goods

300

What is a company's supply?

The amount of product or resources a company has available to sell

400

Students?

Consumers

400

Too much Demand

Not enough product.

What am I?

Scarcity

400

Oh no! Your company has a surplus of product. How can you increase demand?

- Lower the cost (Sale)

- Increase advertising

400

Coach?

Service

400

Too much product.

Not enough demand.

What am I?

Surplus