Across
- 2. money received
- 5. when two or more businesses offer the same product
- 7. a financial gain
- 11. risk potential to minimise gains and maximise loss of a business
- 13. one firm tries to distinguish its product or service from competing products on the basis of attributes
- 15. risks that are beyond human control and result in a loss or no loss
- 18. The profit motive makes theatre become pedestrian
- 20. degree and nature of competition for products and services
- 21. the money spent on something
- 24. many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers
- 25. control of the supply of or trade in a commodity or service
Down
- 1. the continued possession, use, or control of something
- 3. risks recognized that are related to the loss of natural assets
- 4. the risk involved in investing in a business opportunity in an international market
- 6. the actual profit after working expenses not included in the calculation of gross profit
- 8. the government controls the prices the company charges
- 9. loss to an organisation caused by human factors
- 10. a thing that is made smaller or less in size or amount
- 12. when two or more businesses offer different products or services and compete for the same market
- 14. move from one place to another
- 16. keeping away from or not doing something
- 17. Profit the total sales of the firm minus the total cost of the goods sold
- 19. the total amount your business paid as a cost related to the sale of products
- 22. the activity or condition of competing
- 23. a category of risk that will either result in a profit or loss
- 26. a state of limited competition