EC#13 Use it, EC#14 Be Resourceful

Offering higher wages, employee-assistance programs, and benefits are responses to limited

human resources

A stove used in a restaurant kitchen is a

capital resource

A salesclerk working at a clothing store is an example of

human resources

Resources that enable businesses to operate are also known as

inputs

To provide utility, a product must be

useful

Which economic resource helps people to be more productive

capital goods

Automation involves replacing human resources with

capital goods

Maintenance, modifications and use of alternative sources are responses to limited

capital goods

The state of technology that exists in a society can limit

capital goods

Natural resources, human resources, and capital goods are often referred to as

factors of production

Adding a new feature to a product provides what type of utility

form

In which type of utility are marketers involved indirectly?

form

Type of utility created by altering or changing a good to make it for useful to the consumer

form

Which of the following economic resources is responsible for combining the other resources to produce goods and services

human resources

When there is not enough of a resource available for everyone to have as much of it as desired, the resource is a(n) ____ resource

limited

A type of producer that changes the shapes or forms of materials so that they will be useful to consumers

manufacturer

Using a stream to supply water to a field to grow crops is an example of using

natural resources

Weather conditions can directly affect the supply of

natural resources

A gas station located beside the interstate provides what type of utility

place

Offering a product for sale in retail stores and on the Internet adds what type of utility

place

Type of utility created by making sure that goods or services are available where they are needed or wanted by consumers

place

Accepting cash, debit cards, credit cards and layaways for purchases provides what type of utility

possession

Type of utility created when ownership of a product is transferred from the seller to the user

possession

The people who make or provide goods and services

producers

Type of utility created by altering or changing the characteristics of a service to make it more useful to the consumer

task

Consumers by products to benefit

themselves

Staying open for business on the weekend provides what type of utility

time

Utility created when products are made available when they are needed

time