Across
- 3. the exclusive possession or control of the supply of or trade; no competition
- 7. Potential dangers to a business caused by human error
- 12. the possibility that changes in economic conditions will negatively impact a company or investment.
- 15. Rivalry among sellers
- 16. Competition based on the price of a good or service
- 18. The total amount of money that is earned
- 21. Competition based on the physical attributes on benefits of a good, not its price
- 22. The money spent on something
- 23. A strategy that businesses can adopt to reduce their level of risk by avoiding certain high-risk activities altogether.
- 25. Lowering the price of a product or income
Down
- 1. Cost of producing goods
- 2. A market of limited competition dominated by small businesses
- 4. Occurs when all companies offer goods at similar prices, with no distinguishable benefits
- 5. How businesses are classified based on the goods they produce and their level of necessity or demand
- 6. How much money is earned minus expenses and other costs
- 8. When the government monitors the actions of a business with no competition
- 9. When two or more businesses offer the same product or service and compete
- 10. Two businesses offer the same products or services, but do not directly compete
- 11. the difference between a company's total revenue and its total cost of goods sold
- 13. The actual profit of a business minus expenses and damages
- 14. The cost of running a business, including the production and distribution of goods
- 17. Threats to a business that are typically unavoidable
- 19. The motivation of a business to maximize its profits
- 20. Risks that are uncontrollable, but result in no financial loss or gain
- 24. Risk Anything that threatens a businesses ability to generate profits