CHAPTER 6 KEY TERMS - ERINN
Across
- 4. the name or word commonly associated with one business for identification (Apple, Blackberry)
- 5. the establishing of prices at a determined level by government or agreed between businesses
- 10. the amount of resources used to create a product - the lower the resources, the higher this is
- 12. overall markets that have common characteristics
- 13. a graphic representation of a business often designed for identification and competition
- 14. a form of fraud where numerous companies work together to control bids instead of competing
- 15. competition between unrelated products not beloning to the same market
- 19. the behaviors and beliefs of a social, ethnic or age group
- 20. assistance and activity that benefits that the consumer pays for and satisfies their needs/wants (haircuts/lawnmowing)
- 21. pertaining to the structure of populations (age/gender/income)
- 25. the accessibility of a product - how easy it is to use or obtain
Down
- 1. the destinctive phrase or motto of a buiness used for identification and competition
- 2. the estimation or repute that a business has that is the what the majority of a demograpic believe
- 3. competition between products that are in the same market and that are very similar
- 6. a person who controls and monitors the buying decisions for others (parent)
- 7. a large amount of products or services that provide the same thing for consumers to choose from
- 8. many different colours, sizes, or appearance changes for one product
- 9. a group of people born near the 1940-1960's, after WW2
- 11. the perception of a company by consumers
- 16. the use of demographics to determine the attitude and wants of a certian age or gender
- 17. the invitation to bid and to complete the work requested of a business
- 18. the amount of money spent on a total industry of sales in a given period of time
- 22. the combination of two or more companies where one company takes full ownership of the other
- 23. male/female
- 24. the destinctive sound or tune used to draw consumers in and commonly found at the end of televised advertisements