2.05 Crossword

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Across
  1. 3. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available
  2. 6. Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
  3. 9. The possibility of loss or failure from human error
  4. 16. Chances of loss that may result in loss, no change, or gain
  5. 18. The possibility of loss or failure that occurs as a result of the economy
  6. 19. the rivalry between two or more businesses
  7. 21. the possibility of loss or gain
  8. 22. Choosing not to do something
  9. 23. The possibility of loss or failure from nature
  10. 24. Chances of loss that carry with them the possibility of loss or no loss
  11. 26. A risk-response strategy that involves assuming responsibility for the risk rather than transferring it
  12. 27. The amount of money a business pays for the products it sells
Down
  1. 1. All of the expenses involved in running a business
  2. 2. The desire to make a profit, which moves people to invest in business
  3. 4. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
  4. 5. Money left after the cost-of-goods expense and the operating expense are each subtracted from the total income
  5. 7. A monopoly that the government allows to exist legally under controlled conditions
  6. 8. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
  7. 10. Rivalry between or among businesses that offer similar types of goods or services
  8. 11. A type of rivalry between or among businesses that involves factors other than price
  9. 12. The money received by resource owners and by producers for supplying goods and services to customers
  10. 13. The type of market, or environment, in which businesses operate
  11. 14. Rivalry between or among businesses that offer dissimilar goods or services
  12. 15. A risk-response strategy that involves trying to reduce the chance of loss or severity of loss
  13. 17. the money a business spends
  14. 20. Money left after the cost-of-goods expense is subtracted from total income
  15. 25. A risk-response strategy that involves moving the impact of a risk to someone or something else