Show:
Vocabulary
Economies
Marketing
Christmas
100
System by which a nation decides how to use its resources to produce and distribute goods and services.
What is Economy
100
Describes a political system in which there is increased government involvement in people's lives and the economy.
What is Socialist
100
Concept that states that to make a profit a business must focus all its efforts on satisfying the needs and wants of its costumers.
What is Marketing Concept
100
What are the two main Christmas colors?
What is Red and Green
200
Goods, such as equipment or processed materials, used in a production process; also, money needed to start and operate a business.
What is Capital
200
Economic system in which the market answers the three basic economic questions, without government involvement.
What is Market Economy
200
Someone that buys a product.
What is Customers
200
What is the name of the reindeer that has a red nose?
What is Rudolf
300
All things used in producing goods and services. Consist of land, labor, capital and entrepreneurship.
What is Resources
300
Economic system in which the government answers the three basic economic questions.
What is Command Economy
300
Someone that uses a product.
What is Consumer
300
What is Santa's wife called?
What is Mrs.Clause
400
The physical development of a country - roads, ports, sanitation facilities, and utilities.
What is Infrastructure
400
A political system in which the government runs everything, and the Communist party runs the government.
What is Communist
400
The personal satisfaction gained from use of a good or service.
What is Value
400
How many reindeer does Santa have for the sleigh?
What is 8 (counting Rudolf, 9)
500
A measure of the goods and services produced using labor and property located in this country.
What is Gross Domestic Product (GDP)
500
Name three of the five currently communist countries.
What is China, Cuba, Laos, North Korea, Vietnam
500
Involves using a single marketing plan to reach all customers.
What is Mass-Marketing
500
Who is Rudolf's father?
What is Blitzen