2.05

1234567891011121314151617181920212223242526272829
Across
  1. 4. of loss that may result in loss, no change, or gain
  2. 5. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available
  3. 11. The type of market, or environment, in which businesses operate
  4. 14. A risk-response strategy that involves assuming responsibility for the risk rather than transferring it
  5. 19. Risk The possibility of loss (failure) or gain (success) inherent in conducting business
  6. 20. The possibility of loss or failure that occurs as a result of the economy
  7. 22. Rivalry between or among businesses that offer dissimilar goods or services
  8. 25. Chances of loss that may result in loss, no change, or gain
  9. 26. The money received by resource owners and by producers for supplying goods and services to customers
  10. 27. Rivalry between or among businesses that offer similar types of goods or services
  11. 28. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars.
  12. 29. A risk-response strategy that involves choosing not to do something that is considered risky
Down
  1. 1. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  2. 2. Money left after the cost-of-goods expense is subtracted from total income (income from sales-cost of goods=gross profit)
  3. 3. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
  4. 6. The amount of money a business pays for the products it sells or for the raw materials from which it produces goods to sell; the amount of money a business pays for the products (or for any part of the products) it sells
  5. 7. All of the expenses involved in running a business
  6. 8. A risk-response strategy that involves trying to reduce the chance of loss or severity of loss
  7. 9. Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid (income-expense=profit)
  8. 10. The desire to make a profit, which moves people to invest in business
  9. 12. Chances of loss that carry with them the possibility of loss or no loss
  10. 13. A type of rivalry between or among businesses that involves factors other than price
  11. 15. The possibility of loss or failure from nature
  12. 16. Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income (gross profit-operating expense=net profit)
  13. 17. A monopoly that the government allows to exist legally under controlled conditions
  14. 18. The possibility of loss or failure from human error
  15. 21. The rivalry between two or more businesses to attract scarce customer dollars
  16. 23. A risk-response strategy that involves moving the impact of a risk to someone or something else
  17. 24. The money that a business spends