5.03 Vocabulary

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Across
  1. 1. An established set of rules
  2. 11. Businesses that buy and sell goods to others; retailers and wholesalers.
  3. 13. The rapid and unimpeded flow of capital, labor, and ideas across national borders
  4. 15. Manner in which individuals act that determines what they buy and sell
  5. 18. The basic principles that govern a business’s actions
  6. 22. A type of producer that constructs roads, bridges, buildings, or houses.
  7. 23. The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives
  8. 25. The people who make or provide goods and services.
  9. 27. The day-to-day activities for continued business functioning.
  10. 28. The process of coordinating resources in order to accomplish an organization's goals
  11. 29. A concept that refers to a firm’s ability to accept and respond to change appropriately, becoming as effective and efficient as it can be
  12. 30. The process of planning, staffing, leading, and organizing the employees of the business.
  13. 32. of command The flow of authority within an organization; also called line of command
  14. 33. A style of management that involves anticipating and planning in advance for change, rather than simply reacting to outside events when they occur
  15. 34. The process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making.
Down
  1. 2. A type of business that performs intangible activities that satisfy the wants of consumers or industrial users.
  2. 3. The duty of business to contribute to the well-being of society
  3. 4. All the activities a business engages in to interact with its customers
  4. 5. Fulfilling one’s obligations in a dependable, reliable manner.
  5. 6. Resources above and beyond what are needed to operate an organization
  6. 7. A strong focus on meeting customer needs and wants
  7. 8. Intermediaries who help to move goods between producers and retailers by buying goods from producers and selling them to retailers.
  8. 9. The measurement of how many workers are supervised by one manager
  9. 10. Advisory authority, often without the ability to enforce or take action
  10. 12. A business that buys consumer goods or services and sells them to the ultimate consumer
  11. 14. An organized effort to produce and/or distribute goods and services.
  12. 16. The basic principles that govern your behavior
  13. 17. A type of producer that changes the shapes or forms of materials so that they will be useful to customers
  14. 19. The economic process or activity of producing goods and services.
  15. 20. A type of producer that provides goods in their natural state.
  16. 21. The process of obtaining funds and using them to achieve the goals of the business
  17. 24. A style of management that is more participative and facilitative than traditional, controlling management
  18. 26. Formal, direct authority that affects a business’s day-to-day operations
  19. 31. The process of gathering, recording, organizing, and reporting financial data