2.00 Vocabulary

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Across
  1. 4. a business's external, uncontrollable surroundings
  2. 5. alterations and refinements are made in order to rule out problem solutions and derive as deep an understanding of the product and its users as possible
  3. 8. the belief and feelings of people in a society that cause them to act in certain ways
  4. 10. 1 page business plan template that helps you deconstruct your idea into its key assumptions
  5. 11. producing a number of inexpensive, scaled down versions of the product
  6. 14. collecting information about the environment surrounding your business
  7. 17. arrangement whereby a licensor grants the right to intangible property to another entity for a specified period, and in return, the licensor recieves a royalty fee from the license
  8. 19. a group of individuals who share an environment
  9. 21. the money charged for a product or service
  10. 24. the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy
  11. 25. a mental process involving the development of ideas, approaches, and solutions
  12. 27. an expense a business incurs through its normal business operations
  13. 28. surroundings
  14. 29. the system in which people make and spend their incomes
Down
  1. 1. written description of your business's future, a document that tells what you plan to do and how you plan to do it
  2. 2. government environment
  3. 3. the conscious or unconscious process of thought formulation
  4. 6. the general direction in which people or events are moving
  5. 7. a creative thinking technique involving the identification of as many different ideas as possible during a certain time frame
  6. 9. analyze your observations and synthesise them in order to define the core problems
  7. 12. the first stage of the Design Thinking process
  8. 13. an assessment of the practically of a proposed plan or method
  9. 15. the systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern that affects a market
  10. 16. a business's internal, controllable surroundings
  11. 18. statistical data relating to the population and particular groups within in
  12. 20. quantitative and qualitative assessment of a market
  13. 22. thinking outside the box to identify new solutions to the problem statement
  14. 23. a favorable situation in the environment surrounding your business
  15. 26. a formulated thought resulting from a representation of a concept within the mind