19 questions
refers to money; specifically financial assets or the value of assets
capital
chain pf production
marketing
Economics
a system of economics based on the private ownership of business and the products made and sold
Gross Domestic Product (GDP)
Socialism
capitalism
Scarcity
the development and movement of goods and services through an economic system
Marketing
Capitalism
Capital
Chain of Production
the study of how a society manages all of its resources to produce and distribute goods and services
Marketing
Economics
Gross Domestic Product (GDP)
Capitalism
the total market value of all the goods and services produced by a country during a specific period
Gross Domestic Product (GDP)
Marketing
Economics
Globalization
the interaction between the various countries of the world
Globalization
Economics
Marketing
Capital
the dependence upon other countries resulting in the trade for goods and services
Globalization
Capitalism
Capital
Interdependence
a process to control the amount of goods and services being used
Gross Domestic Product (GDP)
Rationing
Chain of Production
Capital
a condition of limited resources and unlimited wants by people
Economics
Gross Domestic Product (GDP)
Chain of Production
Scarcity
an economic system based on public or collective (such as a government) ownership of resources and production
Capitalism
Socialism
Marketing
Economics
advertising a lower priced item to lure customers in to offer them a more expensive item
Photoshopping
Incentives
Product Placement
Bait and Switch
buying decisions based on preference to always purchase a certain type of product from a particular brand
Brand Loyalty
Photoshopping
Fraudulent
Contentment
the state of being satisfied with what you have
Fraudulent
Incentives
Contentment
Bait and Switch
the main federal agency designed to enforce consumer protection laws
Bait and Switch
Federal Trade Commission (FTC)
Brand Loyalty
Incentives
intentionally false or deceptive practices
Impulse Purchase: an unplanned, spur of the moment, purchase generally sparked by advertising and emotion
Bait and Switch
Incentives
Marketing
Fraudulent
something that motivates or encourages someone to do something
Bait and Switch
Incentives
Marketing
Photoshopping
everything a company does to get consumers to buy their product
Contentment
Product Placement
Economics
Marketing
digitally changing/enhancing a photograph to make it look better than the actual item
Bait and Switch
Contentment
Photoshopping
Fraudulent
the paid display of specific products in movies, television, and media for advertisement
Fraudulent
Product Placement
Contentment
Federal Trade Commission (FTC)