Across
- 3. to increase something such as profit, satisfaction or income as much as possible
- 8. Tax levied on spending, such as VAT
- 9. New business activities or projects that involve taking risks
- 11. cost of the next best alternative given up
- 12. Goods bought as an alternative to another but perform the same function
Down
- 1. income that is available for someone to spend over a period of time
- 2. goods purchased together because they are consumed together
- 4. companies, organisations or businesses
- 5. where PED = –1(the responsiveness of demand is proportionately equal to the change in price)
- 6. goods for which demand will fall when people’s income goes up
- 7. the relationship between A and B when A goes up, B goes down
- 10. Money paid by government or organisations to make price lower, reducing the cost of producing goods or services