AE-QUIZ W7-W8

(identification) This is owned by a single individual who is singly responsible for running the business.

(identification) The first type of market structure where there are many seller, none of which control the prices and output of the whole industry.

(identification) It refers to the person who purchases goods and services.

(identification) The source of materials used in production by producer, a seller or manufacturer.

(identification) It is also known as the rivalry among various sellers in the market.

(identification) This is a competitor who tries to get loyal customer by having leverage.

(identification) It is a legal entity that is separate from its owner, the shareholders.

(identification) The number and capability of competitors in the market will also impact on the attractiveness of the market.

(identification) When competitors conspire as one having the same object.

(identification) The smaller number of buyers in the market, the greater is the power of enjoyed buy the buyer.