| A | B |
|---|
| marketing | planning how to sell a product in your community |
| product | something that people make or grow often to sell |
| service | something that one person does for another |
| consumer | person who buys a product or service |
| technology | use of machines, tools, and materials to make products faster and more easily |
| basic needs | food,clothing, shelter |
| rural | countryside |
| raw materials | resources needed to make a product |
| human recources | people who work for a company |
| wages | money paid for work done |
| industry | all the companies tha make the same product or provide the same service |
| flow chart | this shows steps that must be followed to make or do something |
| supply | amount of a product or service there is to be sold |
| demand | need for a product or service |
| advertisement | information about a product or service |
| trade-off | giving up buying or doing something for something else |
| opportunity cost | what you give up in order to get or do something else |
| grid | set of lines that cross to form boxes |
| international trade | trade between different countries |
| communication links | machines that let people far apart communicate with each other |
| import | bring a product or resource into a country from another country |
| export | send a product or resource from one country to another |
| cutaway diagram | shows outside and inside of an object at the same time |
| competition | when 2 or move companies or services offer the same product or service |
