4.03_PI902 Vocab Crossword

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Across
  1. 3. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its sales; also known as target return
  2. 9. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its capital investment
  3. 14. Assets of a business
  4. 15. Goals a company hopes to accomplish through its pricing strategies
  5. 18. A category of pricing objectives that focus on increasing total amount of income from sales
  6. 19. The expenses involved with manufacturing, promoting, and distributing a product
  7. 21. The product life cycle stage in which sales and profits fall rapidly
  8. 24. The difference between the cost of a product and its selling price
  9. 26. The product life cycle stage in which sales rise rapidly
  10. 28. The particular assortment of goods and services that a business offers to meet the needs of its market(s) and its company goals
  11. 29. All of a business’s costs, both fixed and variable
  12. 32. The product life cycle stage when the product first appears in the marketplace
  13. 34. A pricing technique in which consumers are given the price per unit (ounce, pound, etc.) for products along with the total price of the items
  14. 37. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
Down
  1. 1. A type of market structure in which a lot of businesses sell similar products that have only a few differences
  2. 2. Business costs that change according to changes in sales volume; also known as variable expenses
  3. 4. The amount of a firm’s sales, usually expressed in dollars
  4. 5. A market structure in which there are many businesses selling a lot of nearly identical products for about the same price to many buyers
  5. 6. The product life cycle stage in which sales peak and then increase at a slower rate or start to decline
  6. 7. Promoting a low-priced item to attract customers to whom the business then tries to sell a higher-priced item
  7. 8. Actual price that prevails in a market at any particular moment
  8. 10. Business costs that are not affected by changes in sales volume; also known as fixed expenses
  9. 11. Periods of expansion and contraction in economic activities
  10. 12. A category of pricing objectives that focus on profit for the business
  11. 13. The degree of excellence of a good or service—how good it is
  12. 16. All of the expenses involved in running a business that are not directly related to production
  13. 17. A profit-oriented pricing objective intended to make the firm the most possible immediate profit
  14. 20. An organization’s portion of the total industry sales in a specific market
  15. 22. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  16. 23. A market structure in which the market is controlled by one supplier, and there are no substitute goods or services readily available
  17. 25. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the consumer
  18. 27. The stages through which goods and services move from the time they are introduced on the market until they are taken off the market
  19. 30. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its sales; also known as return on sales
  20. 31. The amount a seller charges the purchaser for a good or a service
  21. 33. The particular group of customers a business seeks to attract
  22. 35. Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
  23. 36. The movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time