| A | B |
|---|
| Sales and rebates are examples of what strategy | Price Competition |
| THIS statement reflects income from sales revenue and investments as well as cost and expenses of doing business | Profit and Loss |
| creating, growing, manufacturing, improving on goods and services | production |
| consumers’ willingness and ability to buy a product | demand |
| military, social, and regulatory agencies | public sector |
| sole control over a product or the means of producing it | monopoly |
| consumers buying products that are lowest priced | price competition |
| potential for loss or failure | business risk |
| when supply exceeds demands | surplus |
| obtain goods from manufacturers and resell to organizational users | wholesalers |
| in organizational markets demand for consumer goods and services | derived demand |
| amount of goods producers are willing to make and sell | supply |
| The purpose of most businesses is to produce THESE | products |
| A company engages in this type of competition when it offers a 10 percent storewide sale. | price |
| This increases when the potential for earning increases | risk |
| the struggle between companies for customers | competition |
| The price of a gallon of gas increases when there is THIS of oil | shortages |
| The purpose of a licensing agreement is to protect the originator from THIS of name and products | copying |
| DECA, the Red Cross, and the Girl Scouts of America are considered these types of organizations. | nonprofit |
| When the supply of a product exceeds the demand for it, businesses usually do what to the product’s price. | Lower |
| Due to deregulation of the utility companies, the United States government does this with the prices charged by gas and electric companies. | Restricts |
| Residents of the United States can buy anything allowed by the law because they have freedom of THIS | ownership |
| THIS company can charge any price without threat from a competing company | monopoly |
| The money-management function of business is called | finance |
| THIS forces businesses to produce Quality products at low prices. | Competition |
| This term involves buying and reselling ready-made goods. | procurement |
| Businesses stress quality of products, services, and financing when engaging in this | non-price competition |
| Businesses in this produce the same product or group of products. | industry |
| Mercedes Benz automobiles are considered luxury cars.featuring tradition and quality of workmanship in ads so this is considered THIS type of competition | nonprice |
