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WorksheetsMarketing Terms
Total questions: 13
Worksheet time: 7mins
A Complimentary Good is?
Something that goes with your outfit.
Something you buy instead of something else.
Something you buy to improve something you bought
What you give up to buy something else.
A producer is:
Someone who makes movies
a person or company that produces or supplies goods or services
a person who uses goods or services
A person who supervises the production of goods or services.
What are services?
Something you attend on the weekends.
Actions you can buy
products you can buy
People who do your nails
Consumers are:
People who buy goods and services
People who produce products
People who provide services
People who use all the toilet paper and don’ t put out the roll
What is opportunity cost?
How much it costs to take the bus to the movie
How much it costs to buy butter to go on your popcorn
what you give up when you choose to do or buy something
You buy Nike instead of Converse sneakers.
A good is:
Something that you like
Products that you can buy
something you have done for you like a manicure
The person who delivers a product or service.
What is the law of supply and demand?
The more of something there is the more it will cost
The less of something there is the less it will cost.
The.less of something there is the more it will cost.
The more of something there is the less it will cost
What is utility?
The satisfaction you get from consuming a given amount of goods or services.
electricity and water
How useful something is.
The additional satisfaction you get from consuming more of a good or service.
What is marginal utility ?
The additional satisfaction you get from consuming more of a good or service.
electricity and water
How useful something is.
The satisfaction you get from consuming a given amount of goods or services.
A substitute good is?
Goods you keep in your house regularly to cook with
A person who does your hair when your regular stylist is out.
A product you select instead of your original choice
A product you buy to go with something you already own.
Scarcity is :
When you have plenty of a product but the price is too high
There is not enough product
There is several options of a product available
There is not enough restaurants that make the kind of food you like
Which statement about preferences is false?
They change all the time
Everyone has different preferences
They never change
They influence what we purchase.
A monopoly is :
When there are many companies selling a product in the marketplace
When one person dictates the price of products
When a small number of businesses produce a good or service
A business is the only producer of a good or service in the marketplace.
