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Level of industry for phrase "RESEARCH, DESIGN, or INVENT IT"
quaternary
Level of industry for phrases "SELL IT, DISTRIBUTE IT or SERVICE IT"
tertiary
Level of industry for phrase "MAKE IT"
secondary
Level of industry for phrase "TAKE IT"
primary
Name an example of US currency
Answers will vary
Paper bills and metal coins are ...
currency
Name an example of a nonprofit institution
Answers will vary
institution that is business-like but does NOT make a profit
nonprofit organization
Level of industry that collects resources from earth or nature
primary industry
Name a way a business may advertise
Answers will vary
ways to persuade consumers to buy a good
advertising
level of industry with focus on information and research
quaternary
declilne in economic growth for 6 or more months
recession
level of industry that provides services or distributes goods
tertiary industry
trading is also called...
barter(ing)
most common item used to pay for a good or service
money
Name a competitor of Weis grocery
Walmart ,Giant, Redners, Wegmans,etc.
Struggle among producers for consumers' business
competition
Lack of jobs due to lack of demand for goods and services
unemployment
Provide an example of a specialized business
Answers will vary - Ritas, McDonald's, Philly Pretzel,etc.
A business that concentrates on making just a few products
specialization
Revenue minus expenses equals?
profit
money earned by selling goods or services
profit
level of industry that uses resources to make products
secondary
Place - virtual or actual - where producers and consumers exchange goods and services
market
Increase in prices over a period of time
inflation


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