Chapter 7 Vocabulary

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Across
  1. 5. Maximum number of companies an industry can support based on its potential customer base.
  2. 9. Any social, economic, or political factors that could impact your business including global, national, and industry-related factors.
  3. 13. New information that is collected for a particular purpose.
  4. 15. Market segments based on where consumers live or where businesses are located.
Down
  1. 1. Objective social and economic facts about people.
  2. 2. Business that sells a different product or service from yours but fills the same customer need or want.
  3. 3. Organized way to gather and analyze information needed to make business decisions.
  4. 4. Something that puts your business ahead of competition.
  5. 6. Physical characteristics of consumers, such as attitudes, opinions, beliefs, and interests.
  6. 7. Business in your market that sells a product or service similar to yours.
  7. 8. Grid used to compare characteristics of your business with those of your direct competitors.
  8. 10. Existing information that was previously gathered for a purpose other than the study at hand.
  9. 11. Limited amount of customers who are most likely to buy a specific product or service.
  10. 12. Group of potential customers who are willing and able to purchase a particular product or service.
  11. 14. Market that includes as many customers as possible.