Businss Terms Crossword Puzzle

QUESTIONS LIST:

• adding value : sells a product for more than it costs
• market share : % of total market a business volume or value
• market segmentation : dividing a whole market into particular customer groups that
• differentiation : making a product distinctive from competitors e.g. usp
• complementary goods : products consumed/used together printer and ink
• equilibrium price : price where supply and demand are equal /market clearing
• ped : measures the response of quantity demanded to change in price
• marketing mix : using the right blend of product, price, promotion, place
• competitive pricing : sets a price similar to competitors
• boston matrix : method used to analyse the product portfolio of a business
• redundancy : business needs to reduce the size of its workforce
• empowerment : giving official authority to employees to make decisions
• profit satisfying : make enough profit to satisfy the needs of the owner
• public limited company : limited liability shares are publicly on stock market
• business objective : a goal/target set by the business in the short/medium term
• sole trader : business owned by one person has unlimited liability
• ethical stance : in support of a moral belief the way business operates