Across
- 2. costs that change according to changes in sales volume
- 3. particular group of customers a business seeks to attract
- 5. amount of money coming in and out of the business
- 7. fixed costs plus variable costs
- 10. consists of all of the product lines offered by an organization
- 13. promoting a low-priced item to attract customers to whom they then try to sell a higher priced item
- 16. illegal business agreement in which businesses agree on prices of their goods or services
- 18. make the most possible immediate profit
- 19. many buyers and sellers of nearly identical products (marketers have little control over pricing, most products sold at market price)
- 22. Amount a seller charges the purchaser for a good or service
- 23. business bases the amount it wants to earn on the amount of its capital investment
- 24. costs not affected by changes in sales volume
Down
- 1. Stages goods and services move through from the time they are introduced on the market until they are taken off the market
- 4. many buyers and sellers, but there is a range of prices rather than one market price
- 6. focus is on increasing total amount of income from sales
- 8. illegal activity in chich a business charges different customers different prices for similar amounts and types of products
- 9. focus on creating profits for the business
- 11. firms base the amount of profit they want to earn on their sales.
- 12. Difference between the cost of a product and its selling price
- 14. relatively few sellers, industry leader usually determines prices
- 15. periods of expansion and decline in an economy that recur over time
- 17. the price determined by supply and demand
- 20. Shows the price per unit (ounce, pound, etc.) along with the total price of the item.
- 21. only one seller or provider of a product