Across
- 2. a risk that presents the chance of loss but no opportunity for gain
- 5. products for about the same price to many buyers
- 6. The type of market, or environment, in which businesses operate
- 7. An economic system in which individuals and groups
- 11. A federal regulation that established a regulatory agency
- 12. A risk-response strategy that involves trying to reduce the chance of loss or severity
- 13. A federal regulation that prohibits price discrimination
- 14. risk is a situation in which either profit or loss is possible
- 15. A type of market structure in which a market is controlled by one supplier
- 16. resulting in little choice for the customer
Down
- 1. An illegal activity in which a business charges
- 3. the risk of harm caused by human mistakes
- 4. A return of part of the price a customer pays for a good or service
- 8. Using minimum amounts of resources to the best advantage
- 9. between or among businesses that offer similar types of goods or services
- 10. A market structure in which there