Across
- 3. the total amount of money brought in by a company's operations, measured over a set amount of tim
- 5. the amount of a good or service available at a given time and price. Suppliers are generally willing to produce more when prices rise.
- 6. is defined as the value placed on the goods or services being exchanged
- 8. quickly generates demand for product
- 9. the money a business makes after subtracting its expenses from its income.
- 13. the amount of a good or service that consumers want to buy. Consumers generally buy less when prices rise.
- 17. is a strategy where a company sets different prices for products within the same product line, based on their features, quality, or size.
- 19. is a strategy where a product is sold at a low price to attract customers, who are then expected to buy other, more profitable items.
- 20. a plan designed to establish a unique identity for a company's product or brand within a specific market.
Down
- 1. is pricing based on consumer perception
- 2. a change in price has little effect on the quantity demanded.
- 4. competition between businesses based on quality, service and relationships
- 7. the percentage of the total sales of all companies that sell the same type of product.
- 10. pricing items with either an odd number or an even number to match image.
- 11. pricing goods according to what the customer is willing to pay.
- 12. is a marketing strategy where a business sells two or more products together at a lower price than if they were sold individually.
- 14. the cost of something, or the money spent to get something.
- 15. cover Research and Development costs
- 16. when a company spends more money than it earns during an accounting period.
- 18. a small price change can lead to a large change in the quantity demanded.
