Karleigh- 2.05 B/C Vocab
Across
- 2. A federal regulation intended to prevent monopolies from forming and prices from being fixed
- 6. A monopoly that the government allows to exist legally under controlled conditions
- 8. Rivalry between or among businesses that offer dissimilar goods or services
- 9. Using minimum amounts of resources to the best advantage
- 10. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
- 12. A risk-response strategy that involves trying to reduce the chance of loss or severity of loss
- 16. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
- 18. A risk-response strategy that involves assuming responsibility for the risk rather than transferring it
- 19. The type of market, or environment,in which businesses operate
- 20. The rivalry between two or more businesses to attract scarce customer dollars
- 22. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
Down
- 1. An illegal agreement that forbids customers from buying goods and services from competitors
- 3. An illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
- 4. A risk-response strategy that involves choosing not to do something that is considered risky
- 5. A federal regulation that prohibits price discrimination
- 7. Rivalry between or among businesses that offer similar types of goods or services
- 11. A return of part of the price a customer pays for a good or service; usually offered by the product’s manufacturer
- 13. A risk-response strategy that involves moving the impact of a risk to someone or something else
- 14. A federal regulation intended to prevent specific business actions that might restrict competition
- 15. a risk that presents the chance of loss but no opportunity for gain
- 17. a situation in which either profit or loss is possible
- 21. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available