economics crossword puzzle

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Across
  1. 5. the larger societal forces that affect the entire economy and influence all its participants, including demographic, economic, technological, political and cultural factors.
  2. 8. increasing the sales of current products or services in existing markets to gain a higher market share
  3. 10. a specific group of people that a company aims to sell its products or services to, based on shared characteristics like age, hobby or income
  4. 11. the act of providing essential details about a product or service
  5. 12. setting the price of a product based on how much it is perceived worth by customers, rather than just the cost to make it.
  6. 14. Government efforts to influcance the economy through taxation and spending.
  7. 16. the process of dividing a broad market into sub-groups of consumers (known as segments) based on shared characteristics such as demographics, interests, needs, or location
  8. 18. setting the price of a product by adding the profit margin to the cost it takes to make or buy the product
  9. 19. a detailed description of an ideal customer based on market research and real data that helps businesses understand and relate to the specific needs, behaviors, and concerns of their target audience
  10. 20. immediate factors like customers, suppliers, and competitors that directly affect the operation and success of a business
Down
  1. 1. the study of smaller economic units such as individual consumers, families and individual businessess.
  2. 2. details about people's interests, lifestyles, values, and attitudes that help marketers understand why certain people prefer some products or activities over others
  3. 3. The study of a country's overall economic dynamics, such as the emplyoment rate the GDP and taxation policies.
  4. 4. Overage that occours when revenue is higher that expenses over a given period of time
  5. 6. A Fiancial and social system of how resources flow through society, from production to distribution to consumption
  6. 7. Shortfall that ocours when expenses are higher than revenue over a given period of time.
  7. 9. The study of the choices that people, companies, and governmernts make in allocating society's resources.
  8. 13. the process of identifying, anticipating, and satisfying customer wants or needs profitably through the creation, promotion, distribution, and pricing of products or services
  9. 15. the strategy of convincing consumers of their need or desire for a product or service
  10. 17. a set of tools that businesses use to sell products or services and satisfy customer needs (also known as the 4ps)