1. …the perfect match

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

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

4.  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

5.  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?

6.  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?

7.  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.

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