Unit 3 Vocab Terms

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Across
  1. 3. Classified businesses based on the level of competition
  2. 5. Charges different prices to different groups of people
  3. 6. Only one producer of a good, Ex. Utilities
  4. 7. Unexpected outcome or consequences
  5. 11. Many sellers of same products
  6. 12. When owners and companies meet to fix prices.
  7. 13. Setting certain prices
  8. 14. Out price your competition to put them out of business.
Down
  1. 1. Nobody can steal your invention or idea
  2. 2. A handful of large companies and producers, Ex. Planes
  3. 4. Customer service
  4. 8. The larger your company the cheaper your cost
  5. 9. A group of several businesses organized to protect themselves.
  6. 10. Initial investment