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 A product or service that consumers no longer want because it has become outdated or outmoded or has been replayed by a new or improved product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