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WorksheetsHow We Organise Ourselves Vocabulary
Total questions: 20
Worksheet time: 10mins
What a person gains from buying something.
Consumer
Benefit
Cost
Money
Someone who buys goods and uses services.
Producer
Farmer
Banker
Consumer
What a person gives up to buy something.
Price
Money
Cost
Benefit
The need or desire for a good or service. If there is a demand for something, many people need or want it.
Demand
Cost
Supply
Benefit
To get money for work done.
Producer
Services
Earn
Supplier
A thing you can touch that can be bought and sold.
Services
Product
Money
Good
Anywhere goods and services are bought and sold.
Retailer
Market
Wholesaler
Distributor
The amount of money people pay for a good or service.
Earn
Price
Money
Cost
Someone who makes a good or provides a service.
Consumer
Manufacturer
Producer
Distributor
Things used to create goods and services. Can also be referred to as 'raw materials'.
Materials
Resource
Goods
Services
Work done by someone for others.
Product
Good
Money
Service
The amount of a good or service available.
Supply
Materials
Resources
Demand
A person or organisation that provides something needed such as a product or service.
Consumer
Distributor
Supplier
Retailer
The basic material(s) from which a product is made.
Wood
Cacao
Raw materials
Resources
The sequence of processes involved in the production and distribution of a product.
Network
Wholesaler
Supply chain
Manufacturing
A person or company that makes goods for sale.
Manufacturer
Distributor
Retailer
Wholesaler
An agent who supplies goods to retailers.
Retailer
Distributor
Manufacturer
Wholesaler
A person or organisation that brings goods or services into a country from abroad for sale.
Exporter
Distributor
Retailer
Importer
A person or company that sells goods in large quantities at low prices, typically to retailers.
Retailer
Consumer
Wholesaler
Manufacturer
A person or business that sells goods to the public in relatively small quantities for use or consumption rather than for resale.
Seller
Retailer
Distributor
Consumer
