Marketing Lesson 3.01, 3.02,and 3.03

12345678910111213141516171819
Across
  1. 3. the amount of goods producers are willing/able to produce/sell
  2. 6. when supply exceeds demand (scarcity)
  3. 8. people who are willing to take the risk of starting their own business
  4. 10. more goods and service are wanted than are available
  5. 12. change in prie have little effect on changes in demand
  6. 17. changes in price result in changes in demand
  7. 19. measure of the goods and services produced in country
Down
  1. 1. the movement of through 4 recurring phase- expansion,recession,depression,recovery
  2. 2. value added by changing raw materials to make them more useful
  3. 4. value added by having a product where customers can buy it
  4. 5. something needed
  5. 7. value added by communicating with the customer
  6. 9. value added by exchanging a product for a monetary value
  7. 11. value added by having a product a certain time of the year
  8. 13. occurs when supply and demand are equal
  9. 14. consumers desire less good and services than were desired
  10. 15. the study of how to meet unlimited wants and needs of a society
  11. 16. consumer's willingness to buy product a a given price
  12. 18. something that isn't needed,but a want
  13. 19. the sum of the dollar value for a products produced by a country