Business

4. Deliberately undercutting competitors' prices in order to try to force them out of the market.
5. Two or more businesses agree to work closely together on a particular project and create a separate business division to do so.
6. using barriers to free trade, such as tariffs and quotas, to protect a country's own domestic industries.
7. Agreement between firms in which each agrees to commit resources to achieve an agreed set of objectives.
9. When a business cannot meet its short-term debts.
12. Setting a high price for a new product when a firm has a unique or highly differentiated product with low price elasticity of demand
14. A long-term goal the business wants to achieve
15. When a company buys over 50% of the shares of another company and becomes the controlling owner----often referred to as "acquisition".
16. A business that uses the name, logo, and trading systems of an existing successful business.
17. Producing a limited number of identical products.

1. A written document, describes a business's objectives and strategies, the market it is in, and its financial forecast.
2. An agreement by shareholders and managers of two businesses to bring both firms together under a common board of directors with shareholders in both businesses owning shares in the newly merged business.
3. A group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically.
8. The income received from the sale of a product.
9. Within a large corporation who takes direct responsibility for turning an idea into a profitable finished product.
10. Dividing a market into distinct groups of consumers who share common tastes and requirements.
11. When revenue equals total costs and the business is making neither profit nor loss.
13. When a firm ceases trading and its assets are sold for cash