Vocabulary
Can be physically weighed or measured
What are goods?
Examples include highways, drinking water, and education.
What are Public Wants?
Anything that people can use to make or obtain what they need or want.
What is Google?
This is the world's largest ocean
The Pacific
The things you wish you could have
What are wants?
The action of promoting products or services by a business.
What is Marketing and/or Advertising.
The amount of money left over after a business has paid for the cost of producing its goods and services
What is Profit?
This is the oldest Kardashian sister.
Who is Kourtney?
This is how many rings make up the symbol of the Olympic Games
What is 5
Tasks that people or machines perform
What are services?
Examples include a skateboard or a laminating machine.
This is the procedure used at PHS for an armed intruder
ALICE
This is the name of the Flyers Mascot
What is Gritty?
Necessary wants: food, water, shelter.
What are needs?
Movies from the company were available for purchase for a limited time and after were put "in the vault" and not available for several years.
What is Disney?
The contest between businesses to win customers.
What is Competition?
This is Batman's real name.
Who is Bruce Wayne?
This is the PHS Mascot
What is the Falcon
Any activity that seeks profit by providing goods or services to others.
What is a business?
A person who selects, purchases, uses or disposes of goods or services.
What is a Consumer?
This is the amount of products or services that consumers wish to purchase at any given price level
What is Demand.
Facebook bought this company in 2012 for $1Billon
What is Instagram?
Procedure for carefully considering alternatives and their consequences
What is the Decision-Making Process?