Chapter 5 Market Your Business

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Across
  1. 3. a business's percentage of the total sales generated by all companies in the same market
  2. 5. pricing that is determined by how much customers are willing to pay for a product or service
  3. 8. a plan that identifies how goals will be achieved
  4. 11. the amount earned as a result of the investment
  5. 14. pricing offers customers a reduced price
  6. 16. uses the needs of customers as the primary focus during the planning, production, distribution, and promotion of a product or service
  7. 17. creating an image for a product in the customer's mind
Down
  1. 1. pricing that is determined by considering what competitors charge for the same good or service
  2. 2. determined by using the wholesale cost of an item as the basis for the price charged
  3. 4. all of the processes-planning, pricing, promoting, distributing, and selling
  4. 6. the name, symbol, or design used to identify your product
  5. 7. the different products and services a business sells
  6. 9. a blend of the product, price, distribution, and promotion used to reach a target market
  7. 10. product characteristics that will satisfy customer needs
  8. 12. the price to charge can be determined by the amount of time it takes to complete the service
  9. 13. the purpose is to define your market, identify your customers and competitors, outline a strategy for attracting and keeping customers, and identify and anticipate change
  10. 15. pricing based on the belief that certain prices have an impact on how customers perceive a product