WAN YOU TELL THE DIFFERENCE?
Directions: Read each of the following statements and decide:
a. Is it describing an economic good or an economic service?
b. Is it describing a consumer product or an industrial product?
c. What classification(s) of consumer or industrial product is being described?
Write your responses in the spaces provided.
Statement
Good or
Service?
Consumer or
Industrial?
Classification?
Good
Consumer
Convenience
Ex.: Ice cream for private birthday party
1. Contact lenses for a person who
wears glasses
SS
2. Tractor for a farmer to harvest wheat
to sell to a local flour mill
3. New computer for a company's office
4. Paper purchased by a
magazine publisher
5. Robots purchased by an auto
manufacturer for welding
6. Rental of a cap and gown
for graduation
7. Computer repair for your
personal laptop
8. Copper wire purchased by
General Electric Company
9. A new postage meter for the
shipping department
10. Brand-name clothing for you to wear
to a party
11. Haircuts for your family
12. A wheelchair after you break your leg
