Across
- 3. A federal regulation that established a regulatory agency, the Federal Trade Commission
- 5. The type of market, or environment, in which businesses operate
- 8. the risk of harm caused by human mistakes
- 14. A return of part of the price a customer pays for a good or service
- 16. An illegal agreement requiring a customer to buy other products in order to
- 18. A risk-response strategy that involves choosing not to do something that is considered risky
- 20. else
- 21. Rivalry between or among businesses that offer dissimilar goods or services
- 22. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
Down
- 1. A federal regulation intended to prevent specific business actions that might restrict competition
- 2. A federal regulation intended to protect competitors from takeovers that would limit competition
- 4. A type of rivalry between or among businesses that involves factors other than price
- 6. An illegal agreement that forbids customers from buying goods and services from competitors
- 7. Also known as pure competition
- 9. a situation in which either profit or loss is possible
- 10. A risk-response strategy that involves moving the impact of a risk to someone or
- 11. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
- 12. A risk-response strategy that involves assuming responsibility for the risk rather than transferring it
- 13. Rivalry between or among businesses that offer similar types of goods or
- 15. desired goods and services
- 17. A type of market structure in which a lot of businesses sell similar products that have only a few differences
- 19. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available