Business and Economic Glossary

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Across
  1. 3. – The lifestyle, interests, values, and attitudes of a target audience.
  2. 4. of living – How much money is required for essential expenses like housing, food, and transport.
  3. 10. market – The specific group of consumers a business aims its products at.
  4. 12. – How much consumers want a product or service.
  5. 14. business – A business built around a social or environmental mission first.
  6. 15. – When a product becomes smaller or lower quality while the price stays the same.
  7. 16. CLUES
  8. 17. – When the general prices of goods and services rise over time, reducing the purchasing power of money.
Down
  1. 1. – The amount of a product or service available for consumers to buy.
  2. 2. – A business model where people buy the rights to operate under an existing brand.
  3. 5. trader – A business owned and run by one individual.
  4. 6. – A business owned by two or more people who share responsibility and profit.
  5. 7. opportunity – A gap in the market where consumer needs are not currently being met.
  6. 8. choice – The decisions buyers make based on their needs, wants, and preferences.
  7. 9. business – A business designed mainly to maximise financial gain.
  8. 11. – Creating new ideas, products, or improved ways of doing things.
  9. 13. – Characteristics of a population such as age, income, or gender.
  10. 18. market – A very specific, specialised segment of consumers with unique needs.