Crossword ch. 1

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Across
  1. 3. Price differences between levels, e.g. producer vs consumer.
  2. 6. Study of resource allocation and choices.
  3. 7. Buyers and sellers meeting to trade goods or services.
  4. 10. Consumer’s estimate of a product’s ability to satisfy needs.
  5. 11. Quantity offered at a particular price.
  6. 13. Establishing uniform quality specifications.
  7. 14. Services moving products from point of production to consumption.
Down
  1. 1. Sorting products into quality categories under standardization.
  2. 2. Quantity desired at a particular price.
  3. 4. Market intelligence used in decision‑making.
  4. 5. Amount paid to acquire a product.
  5. 6. Transfer of title; includes buying and selling.
  6. 8. Intermediaries through which products pass to consumers.
  7. 9. Approach classifying marketing into exchange, physical, etc.
  8. 12. Want‑satisfying power; includes form, time, place, possession.