4.03 PI-003 Making Cents

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Across
  1. 2. costs that change according to changes in sales volume
  2. 3. particular group of customers a business seeks to attract
  3. 5. amount of money coming in and out of the business
  4. 7. fixed costs plus variable costs
  5. 10. consists of all of the product lines offered by an organization
  6. 13. promoting a low-priced item to attract customers to whom they then try to sell a higher priced item
  7. 16. illegal business agreement in which businesses agree on prices of their goods or services
  8. 18. make the most possible immediate profit
  9. 19. many buyers and sellers of nearly identical products (marketers have little control over pricing, most products sold at market price)
  10. 22. Amount a seller charges the purchaser for a good or service
  11. 23. business bases the amount it wants to earn on the amount of its capital investment
  12. 24. costs not affected by changes in sales volume
Down
  1. 1. Stages goods and services move through from the time they are introduced on the market until they are taken off the market
  2. 4. many buyers and sellers, but there is a range of prices rather than one market price
  3. 6. focus is on increasing total amount of income from sales
  4. 8. illegal activity in chich a business charges different customers different prices for similar amounts and types of products
  5. 9. focus on creating profits for the business
  6. 11. firms base the amount of profit they want to earn on their sales.
  7. 12. Difference between the cost of a product and its selling price
  8. 14. relatively few sellers, industry leader usually determines prices
  9. 15. periods of expansion and decline in an economy that recur over time
  10. 17. the price determined by supply and demand
  11. 20. Shows the price per unit (ounce, pound, etc.) along with the total price of the item.
  12. 21. only one seller or provider of a product