2.05B/C Vocab

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Across
  1. 7. Moving the chances of risk onto someone/thing else
  2. 8. A rivalry that involves factors other than price
  3. 10. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
  4. 11. Opportunity for loss but no gain(Insurance)
  5. 15. A federal regulation that established a regulatory agency, the Federal Trade Commission (FTC), to monitor business activities in order to prevent unfair competition
  6. 17. Could be either loss or gain(No Insurance)
  7. 18. Using limited resources to its best advantage
  8. 19. Also known as pure competition
Down
  1. 1. An agreement that restricts buyers to buy from other company's
  2. 2. A federal regulation intended to prevent specific business actions that might restrict competition
  3. 3. Not doing something that would be considered risky
  4. 4. Involves trying to reduce the chances of a lost
  5. 5. Rivalry between two businesses that offers dissimilar products
  6. 6. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available
  7. 7. An illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
  8. 9. A risk caused by happenings in nature
  9. 12. a risk caused by peoples mistakes or dishonesty
  10. 13. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  11. 14. A rivalry between two businesses to attract scarce customer dollars
  12. 16. Rivalry between two businesses that offers the same/similar products