Unit 5

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Across
  1. 2. income
  2. 4. he amount by which revenue from sales exceeds costs in a business
  3. 5. Indirect costs including rent, utilities, insurance, salaries, and administrative expenses necessary to operate the business
  4. 7. the actual amount a customer pays after applying discounts, promotions, or negotiations
  5. 9. the business practice of selling the same good at different prices to different customers
  6. 12. selling a product below cost to drive competitors out of the market
  7. 13. the price point at which the total profit of the seller is maximized
  8. 14. an agreement among firms to charge one price for the same good
  9. 16. Advertising Promoting a low-priced item to attract customers to whom the business then tries to sell a higher priced item
  10. 17. Taxes on imported goods
Down
  1. 1. price deals that mislead consumers
  2. 3. goals that describe what a firm wants to achieve through pricing
  3. 6. Sold Direct costs of materials, labor, and manufacturing required to produce the product or deliver the service
  4. 8. the value a consumer expects to obtain from a purchase
  5. 10. laws regarding unfair trade practice and price discrimination
  6. 11. The expenses incurred for running day-to-day tasks in a business.
  7. 15. the standard or base amount a business sets for a product or service