4.03 Vocab Crossword

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Across
  1. 4. Actual price that prevails in a market at any particular moment
  2. 7. The difference between the cost of a product and its selling price
  3. 8. Business costs that change according to changes in sales volume; also known as variable expenses
  4. 10. The movement of funds into and out of a business; determines the amount of cash the business has to work with at any given time
  5. 11. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the consumer
  6. 14. The particular assortment of goods and services that a business offers to meet the needs of its market(s) and its company goals
  7. 16. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
  8. 17. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its sales; also known as return on sales
  9. 18. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its sales; also known as target return
  10. 19. The amount a seller charges the purchaser for a good or a service
Down
  1. 1. A profit-oriented pricing objective intended to make the firm the most possible immediate profit
  2. 2. Goals a company hopes to accomplish through its pricing strategies
  3. 3. Monetary reward a business owner receives for taking the risk involved in investing in a business; income left once all expenses are paid
  4. 5. All of the expenses involved in running a business that are not directly related to production
  5. 6. The degree of excellence of a good or service—how good it is
  6. 9. A pricing technique in which consumers are given the price per unit (ounce, pound, etc.) for products along with the total price of the items
  7. 10. Assets of a business
  8. 12. Business costs that are not affected by changes in sales volume; also known as fixed expenses
  9. 13. A profit-oriented pricing objective in which the business bases the amount of profit it wants to earn on the amount of its capital investment
  10. 15. The expenses involved with manufacturing, promoting, and distributing a product