2.05B/C vocab
Across
- 5. A market structure in which there are many businesses selling a lot of
- 6. The rivalry between two or more businesses to attract scarce customer dollars
- 7. products for about the same price to many buyers
- 8. the risk of harm caused by human mistakes, dishonesty, or another risk that is
- 15. a risk that presents the chance of loss but no opportunity for gain
- 16. A risk-response strategy that involves trying to reduce the chance of loss or severity of loss
- 17. A type of market structure in which a market is controlled by one supplier, and there
- 19. to people
- 20. no substitute goods or services readily available
- 22. A risk-response strategy that involves moving the impact of a risk to someone or
Down
- 1. A type of rivalry between or among businesses that involves factors
- 2. An illegal activity in which a business charges different customers
- 3. A type of rivalry between or among businesses that focuses on the use of
- 4. between or among businesses that offer dissimilar goods or services
- 9. determine prices
- 10. A market structure in which there are relatively few sellers, and industry leaders
- 11. prices for similar amounts and types of products
- 12. else
- 13. A federal regulation intended to prevent specific business actions that might restrict competition
- 14. A risk-response strategy that involves assuming responsibility for the risk rather than
- 18. than price
- 21. to attract scarce customer dollars