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A middle order good is something like clothes or a hair dryer and services would be like Aeropostale or Ardene. These stores are used once o month or so and are a little more expensive than low order goods.
High order goods would be furniture, a car or house. These things are used unfrequently and are only bought every 5 or so years at least. These stores typically only speciallize in one series of products like Leons or Chrysler dealerships.
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Wiki User
∙ 13y ago
Middle-order goods and services are products that are used to create other products or services but are not the final consumer goods. They are typically purchased by businesses for further production or resale. Examples include raw materials, components, machinery, and technology.
Wiki User
∙ 9y agoMedium-order goods and services are those that are purchased roughly once a month. Examples could be clothing, utilities, books, movies, and beautician services.
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What term do geographers use when they are talking about trading goods with other countries?
Geographers use the term "international trade" to refer to the exchange of goods and services across national borders. This term encompasses the flow of exports and imports between different countries.
What is measured by comparing the relative cost of standard of goods and services in different geographic areas?
Purchasing power parity (PPP) is measured by comparing the relative cost of a standard set of goods and services in different geographic areas. It helps to assess the difference in price levels between countries and adjust for exchange rate differences to determine the true value of a currency.
What is a location code?
A location code is a unique identifier assigned to a specific geographical area to help accurately identify and navigate to that location. It is often used in logistics, postal services, and mapping applications to improve efficiency and accuracy in delivering goods or services.
How population affects demand?
Population directly affects demand by influencing the number of people who require goods and services. A larger population typically translates to higher demand, as more individuals need products for their daily lives. On the other hand, a smaller population may lead to lower demand for certain items.
What is Country Money?
Country money refers to the currency issued and used within a specific country as a medium of exchange for goods and services. This money is typically issued and controlled by the country's government or central bank.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What services are offered by FreeBay?
The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Is a supplier of goods and services a customer?
A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.
What is a lack of goods or services called?
what is a lack of goods and services called
Why are all goods and services scare?
What are all goods and services scarce
Is barter the exchange of goods and services for other goods and services?
yes
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
Is bread a services or goods?
goods
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
