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13 Cards in this Set
- Front
- Back
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goods |
products that are manufactured and that consumers can buy and own |
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services |
work that does not product an actual product, but which consumers can buy |
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gross domestic product (GDP) |
the value of all goods and services produced in a country each year |
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mass production |
the rapid production by machine of large numbers of identical objects |
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profit |
the income a business has left after paying its expenses |
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marketing |
the process of making goods and services available to consumers and convincing them to buy the product or service |
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mass marketing |
the process of selling goods in large quantities |
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consumer |
a person who buys or uses products and services |
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brand |
a name given by the maker to a product or a range of products |
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generic product |
a product that does not have a manufacturer’s name or brand on the package |
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debit card |
a small card similar to a credit card that operates the way checks do, deducting money directly from a bank account |
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charge account |
a form of credit that stores grant to customers to buy goods now and pay for them later |
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credit cards |
a form of credit issued by banks and other major lending institutions and accepted by most businesses worldwide |
