Business Vocab

5. avoiding events as a way to eliminate liability exposure.
9. decreasing a companies expenses to maximize profit.
13. market structure with only one seller or producer.
14. business who differentiate products/services based on prices.
15. The total sales minus the cost of the product.
16. risks that are related to natural assets.
17. amount of money earned by a business.
19. disagreement, divorce, death, or disability of an essential owner, manager, or employee.
21. Markets with a small number of suppliers.
22. Something occurring that can jeopardize a company's profits.
24. ability to keep customers over time.
26. the amount of money made by a company
27. Amount of money made after deducting all other costs.
28. something that affects a companies profits and ability to grow.

1. Government controls the prices of goods in a company.
2. something that is different from something else but can be bought as an alternative.
3. When 2 or more businesses offer the same things and compete for the same market.
4. When companies sell identical products.
6. the price in which something is worth.
7. a cost that a business goes through during their operations.
8. when companies try to sell products at a lower price than similar products sod at different companies.
10. expense a business has through operation.
11. movement of assets, funds, or ownership rights from one place to another.
12. Contest between more than one business that sells similar things or targets the same audience.
18. describes how businesses are categorized by what they sell/do.
20. risk that can be taken on voluntarily and will either result in a profit or loss.
23. intending to earn more money on something than the expense of the product.
25. risks that are beyond human control.