business

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  • Created by: Chloe
  • Created on: 15-01-13 14:19
O O B M A R K E T S L J W V T E M X A X X
R F S W U R C F I S C A L P O L I C Y J R
O F F I C E O F F A I R T R A D I N G J T
W O B R R O Y G E M C K X R T H K N O E D
F U N V E E R A M O N O P O L Y T N W J R
Q V H O C L K X D N A I X I G P N X M H Y
H S H E F V T I V A V I Q D F K F B B H R
W T G R S F X H L U J A E D U M N K D W R
P E R F E C T C O M P E T I T I O N D G Q
I L G K Y E I N Q V P E N L T E A J W L H
O M J O V W D H R K P F O M S W Q X T R U
C U S T O M E R L O Y A L T Y H C W M K P
R L B A R R I E R S T O E N T R Y N W K A
M R H R J Q B P X I J A X N U W J Q C L G
Y U O L E E N T O R B D F Q Q F K G C O V
M A R K E T I N G E N V I R O N M E N T Y
W L F Q R G F K W O D W O K C X F M N B S
X Y N A T I O N A L I N C O M E D W Q K D
O L I G O P O L Y U J N W R N D L I T H U
P W P N W E D I V O X Q I R D N D B H K Y
L T E B W X D V D Q J V W H D O Q B G P I

Clues

  • are factors that make it difficult for new businesses to enter a market. (8, 2, 5)
  • are where (and when) buyers and sellers come together to decide on price and quantity bought and sold. They are not neccessarily physical locations. (7)
  • Is a market whcih is dominated by few businesses (9)
  • is a market with one seller. However, a business with a market share in excess of 25% is often referred to as having "monopoly" (8)
  • is a measure of the value of godds and services produced by a nation over a period of time (8, 6)
  • is a statement of how a government intends to finance its spending through taxation. This is done through a mix if direct taxes (such as income (6, 6)
  • is the range of forces, outside the control of a business, which affect buyer and competition within markets. These include technological, legal, regulatory and social forces. (9, 11)
  • is the tendency for customer to make repeat purchases of products that they are familiar with and trust (8, 7)
  • Occurs in a market i which there are many businesses relative to the size of the market. All businesses sell similar products, with little product differentiation evident. (7, 11)
  • UK government body that trys to protect the consumer from anti-competitive practices. It can impose significant fines on busiesses are found to be harming consumer interests through anti-competitive practices eg restricting supply or high prices (6, 2, 4, 7)

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