Principles of Business Marketing and Finance Marketing Goods

Principles of Business, Marketing, and Finance Marketing Goods and Services Copyright © Texas Education Agency, 2011. All rights reserved

Goods and Services • Goods -things that you can see and touch (tangible) • Services -activities that are consumed at the same time they are produced (intangible) Copyright © Texas Education Agency, 2011. All rights reserved 2

Marketing Goods and Services • Needs and Wants – Needs are required in order to live (food, water, clean air, clothing, shelter) – Wants-things that add comfort and pleasure to your life • Needs and Wants are Unlimited Copyright © Texas Education Agency, 2011. All rights reserved 3

Goods and Services for Businesses and Consumers • Business needs steel, plastic, gasoline, computers (goods) • Business needs supply of electricity, security for buildings, and equipment (services) Copyright © Texas Education Agency, 2011. All rights reserved 4

Consumer Goods and Services • Consumers buy clothes, electronic devices, automobiles (goods) (tangible) • Consumers eat at restaurants, go on vacations, and take flights (services) (intangible) Copyright © Texas Education Agency, 2011. All rights reserved 5

TEXAS REALITY CHECK 1. Google – TEXAS REALITY CHECK 2. Choose Texas Reality Check – Cities (Choose Houston as your city) 3. Go through all steps, reading ALL the options and descriptions and make your choices based on your personal wants vs needs 4. When you get to your Total Expenses report, note your monthly expenses and annual salary needed and print out your result. 5. Then find 1 career from 3 different career clusters that would support your annual salary needed and for each career and: § Write the job name § Give a brief description of the job § What the annual salary would be § List one current job opening (Job title and Location) 6. Put your name on it and turn in to wire basket. 6