Chpt. 1 Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
| Question | Answer |
| What is a need? | something you have to have and can't go without |
| What is a want? | something you would like to have but you don't need |
| What are goods? | things you can see and touch |
| What are services? | activities that are consumed at the same time they are produced |
| What are economic resources? | means through which goods and services are produced |
| What is scarcity? | means not having enough resources to satisfy every need |
| What is Economic decision-making? | the process of choosing which wants, among several options, will be satisfied. |
| What is a tradeoff? | when you give up something to have something else |
| How many steps are there in the decision-making process? | six |
| What's the first step of the decision-making process? | define the problem |
Created by:
main92
Popular Marketing sets