[?] is the function that connects the business with [?] needs in order to get the right product to the right [?] at the right time.

Needs (or wants) are [?] of necessity of something. They are unlimited (we always want more).

There are [?] kinds of needs: non-economic needs and economic [?].

Non-economic needs can not be satisfied by goods. Example: love.

Economic needs can be satisfied by goods. [?]: hungry.

Goods are the things or services that can satisfy the [?] wants. There are two kinds of goods: [?] goods and [?] goods.

Economic goods are scarce (limited) and have a cost, so usually have a [?]. Example:

[?] goods are not scarce and they don’t require resources to make them, so they do not involve an opportunity cost. Example: sunshine.

[?] goods can satisfy a wish directly. Examples: a sandwich.

[?] goods don’t satisfy a want (or need) directly. They are used to produce other goods and services. Example: tools ("eines").

Non-durable goods satisfy a want directly, but can be used only [?] (one time). Example: [?] ("menjar").

[?] goods satisfy a want directly and can be used [?] times. Example: washing machine.