Across
- 4. Goods and services that perform very similar functions and can be used in place of one another.
- 9. process of issuing a permit allowing an individual or a business to function in the marketplace
- 10. a measurement of the value of one nation's currency relative to the currency of other nations
- 12. Government policy that attempts to manage the economy by controlling the money supply and interest rates.
- 15. a rise in business activity after a recession or depression
- 17. when firms offering similar goods or services compete on the basis of their brand's reputation or perceived benefits
- 18. laws in a city or town that designate certain areas, or zones, for residential and business use
- 20. the process of building a model (tangible object) that demonstrates the features of a proposed product, service, or system; fourth step of the design thinking process
- 21. groups group of people who are asked about their attitude towards a product, service, advertisement or new style of packaging
- 24. monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than two or more firms, for example - public utilities
- 27. Assistance by government in maintaining the price of a good or service to enable the producers to earn a profit
- 28. ensures safe and healthy working conditions for employees
- 29. regulates interstate and international communications by radio, television, wire, satellite, and cable
Down
- 1. Alternating periods of economic expansion, recession and recovery
- 2. exclusive rights to make or sell inventions
- 3. A general and progressive increase in prices
- 5. the process of determining the major goals of the business and the policies and strategies for obtaining and using resources to achieve those goals
- 6. brands that have been given legal protection so that their owners have exclusive rights to their use
- 7. competition among all businesses for scarce customer dollars
- 8. wealth or success
- 11. an analysis that evaluates environmental impact when producing goods and services
- 13. a system for producing and distributing goods, and services to fulfill people's wants
- 14. constant change, activity, or progress
- 16. money coming into a business
- 19. A market in which there are many buyers but only one seller.
- 21. tests foods, cosmetics, and drugs to prevent the sale of unsafe items
- 22. administers and enforces laws to prevent price fixing, prohibit unfair competitive practices, and regulate false or deceptive advertising
- 23. the exclusive legal rights of authors, composers, playwrights, artists, and publishers to publish and disperse their work as they see fit
- 25. period of reduced economic activity
- 26. gathering information about consumers' needs and preferences