G08 - BIZ Q1 Reviewer

__________ is the desire, willingness, and ability to buy a good or service.

• Supply

• Market Interest

• Needs

• Demand

_______________ "Necessary wants;" like food, shelter, clothing.

• Goods

• Needs

• Desires

• Wants

The _____________ changes because of the supply and demand.

• Costing

• Price

• Market

• Value

_________ is a person who selects, purchases, uses, or disposes of goods or services.

• Buyer

• Consumer

• Consumption

• Consume

__________ amount of money left over after a business has paid for the cost of producing its goods and services.

• Revenue

• Profit

• Profitable

• Business

Total quantity customers are willing and able to purchase.

• Demand

• Limited

• Supply

• Market

__________ are tasks that people or machines perform, things you can't see or touch.

• Needs

• Product

• Goods

• Service

______ is any activity that seeks profit by providing goods or services to others.

• Corporation

• Franchise

• Business

• Enterprise

The quantity supplied is the number of units that sellers want to sell over a specified period of time at a particular price.

• Inventory

• Supply

• Limited

• Demand

This part of a letter includes the writer's complete address and the current date.

• Inside Address

• Header

• Salutation

• Return Address