Marketing Crossword

1. Measure of the goods and services produced in a country.
3. The degree to which demand for a product is affected by its price.
4. The money needed o start and operate a business or the products used in the production of other goods.
6. Changes in price will have very little affect on the demand for the product.
8. When demand exceeds supply.
9. The amount of goods and services that a nation's people have.
10. If a purchase needs to be made now, demand tends to be higher.
12. The amount produced per worker.
16. Occurs when supply and demand are equal.
17. Something that is not needed, demand tends to be elastic.
18. The added value or usefulness of a product.
19. The added value by changing raw materials or putting parts together.

2. the added value of a product by having the product where the customers can buy it.
5. Economic slow down, Rise in unemployment, production slows down, decrease in consumer spending.
7. The value added by communicating with the customer.
9. Condition in which more goods and services are produced than are desired.
11. Many customers will only purchase a certain brand. This is ________.
13. The movement of the economy through 4 recurring phases.
14. ____________ Rate: the number of people who are willing and able to work but cannot find a job.
15. The added value of having a product at a certain time of year or a convenient time of day.