Across
- 2. the value that is added to a product or service by making it available in the right location
- 4. is choosing between two things that can’t be had or done at the same time; so it’s giving up something you want in exchange for something else you want, often as a compromise
- 5. one who actually uses the product or service, also called final user
- 8. which are desires for goods, services or intangible items that can only be acquired by spending money
- 9. the value a consumer receives from owning a product and being able to use it as they want
- 10. the study of the behavior, performance, structure, and decision-making of an economy as a whole
- 11. the loss of potential gain from among other alternatives, when one alternative is chosen
- 13. the reality that people’s wants always exceed the resources available to fulfill those wants
- 14. something's usefulness and the degree to which wants are satisfied
- 15. in the context of providing a service, when someone does something for you
Down
- 1. the idea that a product or service is available to customers when they need it, or that it's available quickly
- 3. the value a product has because of the way its components are combined to create a finished product
- 6. the study of how individuals and societies make decisions about resources, production, distribution, exchange, and consumption of goods and services, given unlimited and competing wants, and given the scarcity of resources
- 7. the study of behavior and decision-making of individuals and businesses in an economy
- 12. desires that don’t require money to be obtained