____ - can be physically weighed or measured. It satisfy your wants and needs for

material things. These are things you can see and touch. They are tangible. Examples are

Shoes, Groceries, iPod.

____ - are tasks that people or machines perform, things you can’t see or touch.

Services are satisfied through the efforts of other people or by equipment. They are

intangible. Examples of this are landscaping, auto tune-ups, tax accountant, haircut.

____ - are things you wish you could have, each person has __

_____ refers to a consumer's desire to purchase goods and services and willingness to

pay a price for a specific good or service.

A ___ is anything that people can use to make or obtain what they need or want.

Examples of resources include fuel, timber, labor, and money.

___ is the shortage of resources. Conflict between unlimited wants and limited

resources.

____ items that you can't touch; they are mostly services.

____ items that likely to spoil, decay, or become unsafe to consume in certain

conditions.

As demand falls, supply rises same thing vice versa (true or false?)

___ letter of intent may indicate a prospective buyer’s

interest in purchasing a property, or it may be an agreement between landlords and

prospective tenants that details rent and all requirements for tenancy.

A letter of intent is used when soliciting government

grants that inform the grant agency about the amount of work required by the project

and how the individual or organization will apply the grant money to the project.

A letter of intent may be composed by parents to express

requirements for raising their children in the event of their deaths. Though not legal

documents, prospective guardians can use them in family courts to determine the

children’s future.

When used for academics, a letter of intent is part of the application

process and confirms a prospective student’s interest in studying at a college or university. This

document also serves as a non-binding contract between high school athletes and university

sports teams, which asks for an athletic scholarship in exchange for a commitment to play for the

school’s team.

A business letter of intent announces a preliminary commitment

between two business entities. This document outlines the chief provisions required by both sides

to complete the deal and reach a definitive agreement.

A letter of intent in a job search context announces a job seeker’s

interest in working for an employer. Employment-related letters of intent differ from cover letters

because they usually focus on the employer itself and not on a specific job.