Across
- 1. When consumers have the power to choose where they will buy goods and services, and how much they will pay for them
- 3. The amount of money that is required for each stage of production.
- 6. Having the ability to pay all debts and meet financial obligations.
- 8. Expenditures that help a business generate revenue
- 10. Assistance provided, usually in return for payment, that satisfies needs or wants of consumers
- 11. Items that can be seen and touched.
- 12. An individual or business that makes a product or provides services
- 15. A situation in which two or more businesses try to sell the same type of product or service to the same customer
- 17. Revenue - Expenses=____
- 18. A person who buys goods and services. Also referred to as a customer
Down
- 2. Any location where producers and consumers come together to engage in the buying or selling of goods and services
- 4. Any business that employs fewer than 500 people
- 5. A product or service that consumers no longer want because it has become outdated or outmoded or has been replayed by a new or improved product
- 7. An organization, often a charitable organization, that does not seek to make a profit from the operations of the business
- 9. An independent association of persons who utilize the goods and services offered and come together to meet their economic, social, and cultural needs and goals
- 13. A charitable organization of charity that does not seek profit form the operations of the business and raises funds for a specific goal.
- 14. Patrons of a particular store or business
- 16. When businesses are in control and can charge high prices and raise prices when costs go up