Chapter 7 Vocabulary

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