A | B |
Product | A good or service that a company sells to customers |
Raw materials | Items in their natural state or condition |
Scarce | Limited |
Services | Intangible activities that are performed by other people for money; productive acts that satisfy economic wants |
Specialty products | Consumer goods and services with special or unique characteristics that customers are willing to exert special efforts to obtain |
Supplies | Industrial goods that are constantly being purchased and used up in the operation of a business |
Staple item | A frequently purchased item that businesses keep on hand continuously because the demand for it is constant |
Shopping products | Consumer goods and services purchased after customers compare products to get the best quality, price, and/or service |