Business Vocabulary

4. the contest or rivalry among the companies selling similar products and/or targeting the same target audience
7. a market structure where a single seller or producer assumes a dominant position in an industry or a sector
10. a financial gain, especially the difference between the amount earned and the amount spent
14. the direct costs of producing the goods sold by a company
18. when two or more businesses offer different products or services and compete for the same market to satisfy the same customer
19. money received, especially on a regular basis, for work or through investments.
21. represents the notion that a firm may experience events or circumstances that create a threat to its ability to continue operating
22. the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly
23. a category of risk that can be taken on voluntarily and will either result in a profit or loss.
24. a cost that businesses incur in running their operations

1. a marketing strategy in which one firm tries to distinguish its product or service from competing products
2. a company's or product's ability to retain customers over time
3. a risk management tactic whereby risk of loss is prevented in its entirety by not engaging in activities that present the risk
5. a state of limited competition, in which a market is shared by a small number of producers or sellers.
6. a situation in which two or more businesses offer products or services that are essentially the same
8. the situation in which companies try to sell their products or services at lower prices than similar products or services sold by other companies
9. a monopoly that is allowed to exist but only if it follows certain regulations
10. risks that are beyond human control and result in a loss or no loss with no possibility of financial gain
11. any change in ownership or transfer of all or a material portion of the business to another entity or individual by entity me
12. the desire for financial gain as an incentive in economic activity
13. the process of decreasing a company's expenses to maximize profits.
15. the risk involved in investing in a business opportunity in an international market that arises from changes
16. an expense that a business incurs through its normal business operations
17. the profit a company makes after deducting the costs associated with making and selling its products
20. loss to an organisation caused by human factors