Across
- 2. illegal agreement reqiring a costumor to by products
- 3. An illegal agreement that forbids customers from buying goods and services from competitors
- 6. between or among businesses that offer dissimilar goods or
- 7. risk that presents the chance of loss but no opportunity for gain
- 8. The rivalry between two or more businesses to attract scarce customer dollars
- 11. Illegal business agreement in which businesses agree on prices of their goods or services,resulting in little choice for the customer
- 13. Using minimum amounts of resources to the best advantage
- 15. A return of part of the price a customer pays for a good or service; usually offered by the product’s manufacturer
- 16. A risk-response strategy that involves trying to reduce the chance of loss or severity
- 19. competition that does not involve price
- 20. The type of market, or environment, in which businesses operate
- 21. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
Down
- 1. Rivalry between or among businesses that offer similar types of goods or
- 4. A risk-response strategy that involves choosing not to do something that is
- 5. moving risk to someone else
- 7. individuals control the economy
- 9. competition that involves price
- 10. A federal regulation intended to prevent specific business actions that might restrict competition (e.g., tying agreements and exclusive agreements)
- 12. 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
- 14. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
- 17. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available
- 18. a situation in which either profit or loss is possible