Across
- 3. The rivalry between two or more businesses to attract scarce customer dollars
- 6. stability: The degree to which a government is free from turmoil
- 8. Surroundings
- 10. cycles: Periods of expansion and contraction in economic activities
- 11. rate: The percentage of the workforce that is unemployed
- 14. planning: Long-range planning (three to five years) for the company as a whole
- 17. products: Two different products that satisfy the same need
- 19. A state of economic growth
- 21. A rapid rise in prices that may occur when demand exceeds supply or when productivity declines and costs of labor go up
- 22. The customs, habits, and traditions of a particular group of people
- 23. Any unfavorable situation in the environment surrounding your business
- 24. Knowledge, facts, or data
- 26. planner: A professional who specializes in helping people with personal financial matters
- 30. Any limitation or shortcoming your business has that can keep you from achieving your objectives
- 31. environment: A business’s external, uncontrollable surroundings; consists of elements such as demographics, society and culture, the economy, competition, government, and technology
- 33. competition: Competition between two similar products
- 34. climate: Government environment
- 36. A group of individuals who share an environment
- 37. policy: The government policy that sets levels of government spending and taxation
- 40. Changing; changeable (able to be changed)
- 41. competition: competition among all businesses for scarce customer dollars
Down
- 1. regulations: Laws governing the use of land
- 2. A favorable situation in the environment surrounding your business
- 4. Having an effect on or depending upon one another
- 5. scanning: Collecting information about the environment surrounding your business
- 7. overload: Communication that is too much and/or comes too fast to process at one time
- 9. confidence: The attitudes of investors toward risk
- 12. A plan for accomplishing a specific goal
- 13. campaign: A business’s organized efforts to promote a certain product or line of products
- 15. policy: The government policy that determines the amount of money that will be in circulation and the level of interest rates
- 16. A state of economic decline
- 18. Government financial help given to a business
- 20. The physical and social characteristics of the population
- 25. Any resource or capability your business has that can help you gain a competitive advantage in your industry
- 27. environment: A business’s internal, controllable surroundings; consists of elements such as finances, personnel, research and development, production, and marketing
- 28. exchange rate: Specification of how much two currencies are worth in relation to each other (also known as exchange rate and foreign exchange rate)
- 29. footprint: A measure of the impact of human activity on the environment
- 32. The system in which people make and spend their incomes
- 35. A period of time in which an economy grows from recession to prosperity
- 38. and cultural attitudes: The belief and feelings of people in a society that cause them to act in certain ways
- 39. research: The systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern that affects a market