SALES 1 2.01 Vocab

Front

Benefit

Back

An advantage consumers receive from using a product

Front

Economic flow

Back

The movement of resources from resource owners to producers and from producers to consumers

Front

Economy

Back

The system in which people make and spend their incomes

Front

Entrepreneurs

Back

People who assume the risks of starting and operating businesses

Front

Ethics

Back

The basic principles that govern your behavior

Front

Feature

Back

A fact or characteristic of the product

Front

Goods

Back

Tangible objects that can be manufactured or produced for resale

Front

Intangible

Back

Not capable of being detected through the senses

Front

Intermediaries

Back

Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services

Front

Manufacturer

Back

A type of producer that changes the shapes or forms of materials so that they will be useful to consumers