Wants VS Needs

What are physical objects that are PRODUCED?

• goods

• services

What do you call actions that are performed for someone?

• Goods

• Services

People who make goods are called

• Consumer

• Customer

• Producer

Consumers are/do

• purchase/use goods and services

• research products

• community citizens

• all of the above

Consumers have power

• true

• false

Effective consumers

• set goals

• do research

• manage finances and plan for financial security

• all of the above

Consumers choices are limited by

• scarcity of goods

• scarcity of money

• both A and B

• None of the above

Why do you believe it is important to research a product before you buy it?

Do advertisements create consumer demand for a product? ( make you want to buy it)

• yes

• no

• maybe

• chicken

What is the best way to save money?

• Find the best deals

• Pick the least expensive item

• Use coupons or promo code

• Not buy anything at all