Fast & Curious Goods and Services
Flashcard
•
Social Studies
•
7th Grade
•
Practice Problem
•
Hard
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13 questions
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1.
FLASHCARD QUESTION
Front
things that are manufactured, or made, and that consumers can buy and own.
Back
goods
2.
FLASHCARD QUESTION
Front
products that are not physical objects.
Back
services
3.
FLASHCARD QUESTION
Front
the market value of all goods and services produced annually in the United States is called.
Back
gross domestic product
4.
FLASHCARD QUESTION
Front
the rapid production of large numbers of identical objects.
Back
mass production
5.
FLASHCARD QUESTION
Front
the difference between the total cost of production and the total revenue received from buyers.
Back
profit
6.
FLASHCARD QUESTION
Front
the process of convincing consumers to buy the product.
Back
marketing
7.
FLASHCARD QUESTION
Front
the process of selling a good or a service in which the same product, price, promotion, and distribution is used for all consumers in a particular market.
Back
mass marketing
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