Pricing decisions

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Across
  1. 5. plolicies set by who is responsible for running a country
  2. 7. the firm arrives at a price for the product by adding a percentage or an amount to the unit cost of the product
  3. 8. an individual's want backed by the ability to pay
  4. 9. measures the responsiveness of a change in quantity demanded due to a change in price of that product
Down
  1. 1. what the customer prefers
  2. 2. different ways a firm prices their products
  3. 3. the value that is placed on a product
  4. 4. money someone receives for their labour
  5. 6. a negative or inverse relationship between price and demand
  6. 7. the amount a firm pays to produce their goods