Distribution Methods

allocation of goods and services (goods being given out)

• Production

• Distribution

• Exchange

how goods and services are produced (made).

• Production

• Distribution

• Exchange

How goods and services are traded and/or paid for.

• Production

• Distribution

• Exchange

Which of the following are examples of types of distribution methods

• First-Come, First-Served

• Auction

• Authority

• Lottery

• Contest

The tallest people get chosen first for the basketball team. The people who run the fastest are chosen to participate in track events. This represents what type of distribution method

• Auction

• Contest

• Firs-Come, Frist Served

• Personal Characteristics

The teacher decides who gets to use the computer, when they may use it, and for how long. The principal decides which classes get to use the gym. This represents what distribution method

• Lottery

• Authority

• Contest

• Auction

True of False: First-Come, First Served is a distribution method that involves scarce resources being distributed by distributing to those arriving first.

True or False: Authority is a distribution method that involves scarce resources are distributed by a person in a position of power

True or False: Auction is a distribution method that involves scarce resources being distributed to the highest bidder

In your own words what does the word distribute mean?