Business midterm review (ch1-3,13-14,20-21)

Are your favorite activities (ch 20)

This helps companies focus on people most likely to buy their goods or services(ch13)

A general increase in the price of goods and services (ch 3)

Items that people can use to make or obtain what they need or want (ch 1)

Are things used to produce goods and services, such as buildings, material, and equipment (ch 2)

work that people engage in to earn pay (ch 20)

Things that you don’t have to have to survive, but what you’d like to have (ch 1)

Includes: posture, eye contact, facial expression, and gesture (ch21)

The gathering and analyzing of information on the size,location, and makeup of a market (ch13)

The amount of goods and services that producers will provide at various prices (ch2)

The lack of resources ( ch 2)

Channels of communication, such as television ,radio, and newspapers (ch14)

The public promotion of something such as a product, service, business, or event to attract or increase interest (ch13)

A group of customers who share common wants and needs ( ch 13)

An individual who undertakes the creation, organization, and ownership of a business (ch2)

Any commercial activity that seeks profit by providing goods and services to others in exchange for money (ch 1)

An economic system in which a central authority makes the key economic decisions ( ch 2)

The amount if money given or asked for when goods and services are brought and sold (ch 2)

A natural or acquired skill or talent (ch20)

Are basic skills that you need to get a job, keep a job, and do well at a job (ch 21)

The number of homes or people exposed to an ad (ch 14)

Is a peak of economic activity( ch 3)

Are the things you must have to survive (ch 1)

When companies build and maintain relationships with their customers ( ch 13)

A single exposure to an advertising message (ch 14)