2.05 Key Terms

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Across
  1. 2. Risk associated with having human employees working for your business
  2. 4. Decreasing expenses in order to raise profits
  3. 5. Loss or no loss is guaranteed
  4. 8. Companies are given a monopoly by the government and heavily controlled by it
  5. 9. Multiple companies sell the same product or service
  6. 11. Potential risk, but not guaranteed to be a risk
  7. 12. Avoiding risk
  8. 16. Risks involving the economy, whether internal or external
  9. 18. Whatever cash is coming into the business, generally through sales
  10. 19. Competition between businesses offering similar goods or services
  11. 20. The monetary reward for engaging in business
  12. 21. Competition not involving the pricing of goods
  13. 22. The possibility of loss or gain inherent when conducting a business
  14. 23. Money given without exchanging goods or services for it
  15. 26. Total money accrued minus the cost of goods
  16. 27. Hazard risks involving naturally occurring events
Down
  1. 1. Money spent on various items or services
  2. 3. Competition between companies providing dissimilar goods or services
  3. 6. Describes the type of market businesses are operating in
  4. 7. Income remaining after subtracting all expenses
  5. 10. All expenses needed to operate a business
  6. 13. How much is paid for raw materials used to make a product
  7. 14. Two or more businesses trying to outdo each other to gain consumers' favor
  8. 15. Competition between businesses over having better pricing
  9. 17. A few companies controlling an entire market
  10. 24. The drive of business, the goal of a company is to make money
  11. 25. A company that has complete control over a market, whether worldwide or locally