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chapter 1 :Section 1.1

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chapter 1 :Section 1.1

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sara khater
sara khater
Egypt

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chapter 1 :Section 1.1
 

chapter 1 :Section 1.1Online version

Choose the correct answer:

by sara khater
1

Needs can be defined as

2

Private needs are known as

3

Goods are physical products

4

Are things you aim to own but can survive without them.

5

Wants that are widely shared by many people.

6

The four factors of production

7

Scarcity is

8

The economic problem can be explained as:

9

Opportunity cost means :

10

The decision making process consists of :

11

Identify the situation is :

12

Determine the pros and cons is :

13

Evaluate your decision is:

14

Identify possible courses of action is:

15

Make a decision is:

16

Helps you make good choices. It helps you to identify and consider your various alternatives and their consequences before you make a final decision.

17

We use the decision- making process in taking:

18

Items that producers can use to make or obtain what they need or want.

19

Why should businesses understand the difference between needs and wants?

20

Which product is MOST likely to be marketed as both a need and a want depending on the customer?

 
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