Chapter 18 Vocab

Products that are manufactured and that consumers can buy and own

• Profit

• Gross Domestic Product

• Services

• Goods

Work that does not produce and actual product, but which consumers can buy

• Generic Product

• Services

• Marketing

• Brand

The value of all goods and services produced in a country each year

• Gross Domestic Product

• Profit

• Mass Production

• Charge Account

The rapid production by machine of large numbers of identical objects

• Goods

• Credit Cards

• Mass Production

• Consumer

The income a business has left after paying its expenses

• Debit Card

• Generic Product

• Brand

• Profit

The process of making goods and services available to consumers and convincing them to buy the product or service

• Brand

• Marketing

• Gross Domestic Product

• Mass Production

The process of selling goods in large quantities

• Mass Marketing

• Consumer

• Services

• Charge Account

A person who buys or uses products and services

• Goods

• Scarcity

• Consumer

• Stock

A name given by the maker to a product of range of products

• Credit Cards

• Mass Marketing

• Charge Account

• Brand

A product that does not have a manufacturer's name brand on the package.

Often less expensive than brand name products

• Generic Product

• Credit Cards

• Charge Account

• Profit