Across
- 2. -driven by a specific need. In other words, they enter the store quickly, purchase what they need, and leave.
- 6. -is the study of how society manages its scarce resources.
- 8. -prefer the convenience of shopping from home, accessing a widerange of products with just a few clicks. They value quick delivery and easy return policies.
- 9. -consumers place great importance on the quality of the products theypurchase.
- 10. -is the end-user of those goods or services, it is the one who uses or consumes it.
- 14. -the study how people decisions.
- 15. -solution in which a market left on its own fails to allocate resources efficiently.
- 20. -Whatever must be given up to obtain some item
- 22. -is the amount a seller is paid for a good minus the seller's cost
Down
- 1. -customers make up bedroom of any business.Are those whohave made a commitment to your product and service.
- 3. -Maximizing the total surplus received by all members of society
- 4. -draw the largest amount of traffic to the company while making up the smallest percentage of sales revenue.
- 5. -are those simply browsing products and services with no specific purchasing goal in place. This type of consumer is usually receptive to upselling and has the potential to become a loyal customer if product and services meet or exceed their expectations and desires
- 7. -are seeking the best deal, period,and most likely won't be swayed by upsellingtechniques— in fact, this may cause them to moveon.This customer also rarely, if ever,makes purchases on impulse.
- 11. -Something that induces a person to act, i.e. the prospect of a reward or punishment
- 12. -It can be an individual, corporation, government, or any other entity. In financial markets, it is a party that offers an asset they own or hold for purchase by someone else.
- 13. -the amount that buyers are willing to pay for a good minus the amount they actually payfor it, measures the benefits that buyer received form a good as they buyer themselves perceive it.
- 16. -consumers stick to specific brands they trust and prefer, regardless of pricefluctuations or promotions.
- 17. -is an economic system based on supply and demand with little or no government control.
- 18. -is how much money the least well off make compared to the most well off—and how wealth is distributed in a society.
- 19. -a condition of fairness where the economic processes and their outcomes do not unduly favor or disadvantage any particular group or individual.
- 21. -a person or entity that creates goods or services forsale or exchange, while a consumer is a person or entity that purchases and uses goods or services.