Civics Chapter 18 Study Guide

The dollar value of all goods and services produced annually in the United States

• services

• gross domestic product (GDP)

• marketing

• generic product

is the process of making goods and services available to consumers and convincing them to buy these products

• profit

• features

• marketing

• charge accounts

rapid production by machine of large numbers of identical objects

• mass production

• brand

• debit card

• marketing

are manufactured things that consumers can buy and own

• services

• goods

• features

• brand

include doctors, tax return preparers, painters, and auto mechanics

• consumer

• mass production

• gross domestic product (GDP)

• services

name given by the marker to a product or range of products

• debit card

• credit card

• brand

• profit

does not have manufacturer's name or brand

• charge account

• generic product

• marketing

• features

person who buys goods and services

• mass production

• consumer

• goods

• credit cards

is the process of selling a good or a service in which the same product, pice, promotion, and distribution are used for all consumers in a particular market

• services

• mass marketing

• generic product

• marketing

the difference between the total cost of production and the total revenues received from buyers

• goods

• credit cards

• mass production

• profit