Ariana's 2.05BC A1 Vocab

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Across
  1. 2. A type of rivalry between or among businesses that involves factors
  2. 4. Rivalry between or among businesses that offer dissimilar goods or
  3. 9. A market structure in which there are relatively few sellers, and industry leaders
  4. 13. a risk that presents the chance of loss but no opportunity for gain
  5. 14. The type of market, or environment, in which businesses operate.
  6. 15. risky.
  7. 16. A risk-response strategy that involves choosing not to do something that is
  8. 17. to attract scarce customer dollars.
  9. 21. Rivalry between or among businesses that offer similar types of goods or
  10. 22. than price (e.g., customer services, modern facilities, trained personnel, and variety of
  11. 23. The rivalry between two or more businesses to attract scarce customer dollars.
  12. 25. Using minimum amounts of resources to the best advantage.
  13. 27. prices for similar amounts and types of products.
  14. 29. The risk of harm caused by human mistakes, dishonesty, or another risk that is
  15. 31. that have only a few differences.
  16. 32. A federal regulation that established a regulatory agency, the
Down
  1. 1. to people.
  2. 3. An illegal agreement that forbids customers from buying goods and
  3. 5. A type of market structure in which a lot of businesses sell similar
  4. 6. from competitors.
  5. 7. Trade Commission (FTC), to monitor business activities in order to prevent unfair
  6. 8. A risk that presents the chance of loss but no opportunity for gain.
  7. 10. determine prices.
  8. 11. Illegal business agreement in which businesses agree on prices of their goods or
  9. 12. no substitute goods or services readily available.
  10. 14. A type of market structure in which a market is controlled by one supplier, and there
  11. 18. A type of rivalry between or among businesses that focuses on the use of
  12. 19. A federal regulation intended to prevent specific business actions that might
  13. 20. competition (e.g., tying agreements and exclusive agreements).
  14. 24. An illegal activity in which a business charges different customers
  15. 26. A market structure in which there are many businesses selling a lot of
  16. 28. products for about the same price to many buyers; also known as pure competition.
  17. 30. resulting in little choice for the customer.