Vocab- kylie
Across
- 5. An illegal activity in which a business charges different customers
- 7. A market structure in which there are relatively few sellers, and industry leaders
- 9. to people.
- 11. resulting in little choice for the customer
- 13. products for about the same price to many buyers; also known as pure competition
- 15. A type of market structure in which a lot of businesses sell similar
- 16. The rivalry between two or more businesses to attract scarce customer dollars.
- 17. A federal regulation intended to prevent specific business actions that might
- 18. the risk of harm caused by human mistakes, dishonesty, or another risk that is
- 21. An illegal agreement that forbids customers from buying goods and services from competitors.
- 23. A federal regulation that established a regulatory agency, the
- 25. Using minimum amounts of resources to the best advantage.
- 28. Rivalry between or among businesses that offer dissimilar goods or services.
- 29. A market structure in which there are many businesses selling a lot of
- 30. The type of market, or environment, in which businesses operate.
Down
- 1. A federal regulation intended to protect competitors from takeovers that would limit competition.
- 2. Rivalry between or among businesses that offer similar types of goods or services
- 3. a risk that presents the chance of loss but no opportunity for gain
- 4. A type of rivalry between or among businesses that focuses on the use of
- 6. prices for similar amounts and types of products
- 8. that have only a few differences.
- 10. competition.
- 12. Trade Commission (FTC), to monitor business activities in order to prevent unfair
- 14. A type of rivalry between or among businesses that involves factors
- 19. Illegal business agreement in which businesses agree on prices of their goods or
- 20. determine prices
- 22. A type of market structure in which a market is controlled by one supplier, and there
- 24. A risk-response strategy that involves choosing not to do something that is considered risky.
- 26. no substitute goods or services readily available.
- 27. than price
- 29. to attract scarce customer dollars