Across
- 1. A type of product that people don’t plan on wanting or needing.
- 5. Something’s usefulness and the degree to which wants are satisfied is called _______ utility.
- 6. The reality that people’s wants always exceed the resources available to fulfill those wants.
- 9. An entity that manufactures a product or provides a service.
- 12. A person or group that actually uses the product as a part of their business operations or uses it to make other products, is called an ________ user.
- 15. A tangible item that has utility, is scarce, and is transferable.
- 16. Something that can be touched, and/or can be perceived by one or more of the other senses.
- 17. Unique items that consumers will spend a lot of time looking for are called ______ products.
Down
- 2. Items that usually cost more and are only purchased occasionally are called ______ products.
- 3. The ability to be moved from one person or place to another.
- 4. A desire that doesn’t require money to be obtained, like talking to a friend.
- 7. Desire for goods, services or intangible items that can only be acquired by spending money – items like a car, or a haircut, or a patent.
- 8. Products that are easy for consumers to find and buy are ________ products.
- 10. An intangible provision that has utility, is scarce, and is transferable is called economic __________.
- 11. An item that is required, essential, or very important, well beyond just a desire.
- 13. The ultimate consumer or industrial user, also called the final user, or final customer.
- 14. A person who actually uses or consumes the product (also called the final user, or final customer), is called the __________ consumer.