Across
- 10. type of imperfect competition that sell products that are differentiated from one another.
- 11. an organization whose purpose is something other than profit
- 14. a license that gives a inventor of a new product the exclusive right to sell it for a certain period of time
- 18. agreement among firms to charge one price for the same good
- 20. an agreement among firms to divide the market, set prices, etc
Down
- 1. a state of limited competition, shared by a small # of producers
- 2. exclusive possession of the supply or trade in a commodity or service
- 3. simplest business form where one person can operate a business
- 4. capital raised by a business through the issue & subscription of shares
- 5. extra benefits supplementing a salary
- 6. a raw material that can be bought and sold
- 7. share of earnings given as payment
- 8. portion of corporate profits paid out to stockholders
- 9. efforts to make a product/ brand stand out
- 12. money/ valuable belongings to an individual or business
- 13. formal organization of producers that agree to coordinate prices and production
- 15. law in a city or town that designates separate areas for residency and business
- 16. authorization granted by the gov. to a individual/ small group enabling them to carry out commercial activities
- 17. state of being responsible for something
- 19. formal contract to repay borrowed money with interest at fixed intervals