MKT Ch. 5 Free Enterprise

What's the purpose of most businesses?

Military, social services and regulatory agencies 

_______________ , allow a company to charge any price without threat from competition

Businesses stress quality of products, service and financing when engaged in 

DECA, the Red Cross and Girls Scouts are considered ________ organizations.

When the supply of a product exceeds the demand for it, businesses usually

The price of a gallon of gas increases when oil _________ occur.

The term ______________ involves buying and reselling ready-made goods.

What occurs when the potential for earnings increases?

Businesses considered to be part of the same industry all