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
