Producers Do Not Create Needs,but They Do Try to Shape

question 98

True/False

Producers do not create needs,but they do try to shape your wants by exposing you to attractive choices.

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Definitions:

Tangible Assets

Physical assets that have shape and form, such as machinery, buildings, and land, which are owned by a business.

Intangible Assets

Non-physical assets of a business that have value, such as patents, trademarks, goodwill, and brand recognition.

Durable Goods

Products that are intended to last for a considerable length of time (over three years), such as appliances, vehicles, and furniture.

Nondurable Goods

Products that are consumed or have a useful life shorter than three years, such as food, beverages, and paper products.