…the perfect match.  A producer is: that business goods are provide A makes or services.

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Presentation transcript:

…the perfect match

 A producer is: that business goods are provide A makes or services.

 Apple  Mcdonald’s  Tim Horton’s  Samsung  Bell Canada  Lulu Lemon

 These are the people who buy products and services. When producers and consumers meet to buy and sell goods and services, they create what is called the Marketplace. Producers + Consumers = The Marketplace

 Producers make products and services based on consumer WANTS and NEEDS.  They also provide goods and services based on WHEN consumers want them, WHEN they want them and HOW MUCH they are willing to pay for them.  So what can we say about the market?  Based on the info above who controls it?

 First of all, the customer is ALWAYS right!  Do you agree???  Competition: More producers enter the market making similar products.  Why do they do this?

 Describe a time in your life when a business made you or someone you know feel “wrong” as a customer. What happened and based on today’s discussion, how should the business have acted?  Write your response on a piece of paper and submit before leaving class today.

 Workbook pgs. 8 and 9. Due next Class!