Intro to Business Economics

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Across
  1. 3. Any effort to inform, persuade, or remind potential customers about a business’ products or services.
  2. 4. (2 words) When a business makes products available at convenient places (example: selling in stores and online)
  3. 6. The process of getting goods and services to customers (purchasing, stock handling, inventory control, and physical distribution)
  4. 9. One of the 5 Ps. Describes the way a product is presented. For example, is the product wrapped in plastic or in a brown paper wrapper?
  5. 11. Providing customers with the goods and services they choose to buy.
  6. 13. Activities involved in getting the money that is necessary for setting up and running a business
  7. 15. (3 words) One of the 7 marketing functions. When businesses decide what products and services to sell
  8. 17. (3 words) One of the 7 marketing functions. May involve keeping track of customer’s purchases in order to offer them sales
Down
  1. 1. (2 words) Group of people most likely to buy a product or service
  2. 2. One of the 5 Ps. The tangible or intangible offering that your business provides to customers.
  3. 5. An example of this type of utility would be including nutritional facts on a package
  4. 7. Usefulness
  5. 8. Form of utility where businesses make it easier for customers to acquire a product. For example: accepting After Pay or Apple Pay
  6. 9. Function of marketing that involves deciding how much to charge for a product or service
  7. 10. one of the 5 Ps. Includes location items are sold as well as transportation
  8. 12. form of utility where a business makes products available at when customers want them (selling winter coats in November and easter baskets in March)
  9. 14. one of the 5 Ps. Includes how much is charged for an item, markup, and discounts or sale
  10. 16. Type of utility where a business changes something to make it more useful to the consumer (ex. Turning corn into corn flakes)