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a.202
economic goods
| Term | Definition |
|---|---|
| consumer good and services | products produced for for personal consumption |
| consumer | people who used goods and services to satisfy their wants |
| convenient products | consumer goods and services purchased quickly and without much thought or effort |
| economic goods | physical objects that are useful scarce and transferable and which satisfy economic wants |
| economic services | productive acts that are useful scarce and transferable and which satisfy economic wants |
| economic want | a desire for something that can only be satisficed by spending money |
| equipment | industrial goods used in operation of a business but not used in the actual production of a good service |
| goods | tangible objects that can be manufactured or produced for resale |
| impulse item | any item purchased as a result as on the spot decision to buy |
| industrial goods and items | products purchased by producers for resale to make other goods and services and to use in building operations |
| installations | high cost long lasting industrial goods that used to produce other goods and services |
| market research | the systematic and gathering and analyzing and data of data about a specific issue situation or concem that affects a market |
| materials | industrial good that become a part of a finished product after that have been processed |
| noneconomic want | a desire of something that can be satisficed without spending money |
| parts | industrial goods that become part of an finished product without any additional processing |
| producers | the people who make or provide goods and services |
| product | a good or serves that a company sell to customers |
| raw material goods | items in their natural state or condition |
| scarce | limited |
| services | intangible activities that are performed by other people for ,money productive acts that salsify economic wants |
| shopping product | customer goods and services purchased after customers compare products to get the best quality price and services |
| specialty product | customer goods and services with a special unique characteristics that costumers are willing to expert special efforts to obtain |
| stable item | a frequently purchased item that business keep on hand continuously because the demand for it is constantly |
| supplies | industrial goods that are constantly being purchased and used up in and operation of business |
| tangible | capable of being touched smelled heard and seen physically |
| unimitated customer | any one who personally a good or service to satisfy their own wants |
| unsought products | customer goods and service bought out of necessity or adversity |
| want | a desire for somthing that may not be requiered |
Created by:
atate27
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