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EC-902 -3

AB
ProductA good or service that a company sells to customers
Raw materialsItems in their natural state or condition
ScarceLimited
ServicesIntangible activities that are performed by other people for money; productive acts that satisfy economic wants
Specialty productsConsumer goods and services with special or unique characteristics that customers are willing to exert special efforts to obtain
SuppliesIndustrial goods that are constantly being purchased and used up in the operation of a business
Staple itemA frequently purchased item that businesses keep on hand continuously because the demand for it is constant
Shopping productsConsumer goods and services purchased after customers compare products to get the best quality, price, and/or service


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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