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8th Grade Quiz 3

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1.
5 points
the desire or need for a product or service
2.
5 points
money left over after all the costs of running a business have been paid.cara
3.
5 points
The efforts of two businesses with the same products to get consumers to buy from them.
4.
5 points
Money
5.
5 points
To do just one kind of work or sell just one kind of product
6.
5 points
how people produce, distribute, and consume goods and services.
7.
5 points
the money a worker is paid
8.
5 points
a person who buys a product or service
9.
5 points
large scale, often from the point of view of government policy.
10.
5 points
need for money to pay for living expenses
11.
5 points
freedom to start a business and sell, for profit, any legal product or service
12.
5 points
Tools, machinery, buildings
13.
5 points
Gifts of nature
14.
5 points
A group of potential consumers with common needs and wants, who are able and willing to buy a certain product
15.
5 points
shortage, or lack of supply of a product
16.
5 points
The job of getting customers to want a product.
17.
5 points
the amount of money it takes to run a business
18.
5 points
A person, company, or country that makes, grows, or supplies goods or commodities for sale
19.
5 points
amount of goods offered for sale by a business
20.
5 points
how individuals and companies allocate scarce "small" resources
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