Business

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Across
  1. 4. - Is the rivalry among companies that offer similar products.
  2. 8. and production - Refers to how resources are allocated to the production of goods and services.
  3. 9. Change - invention, improvement, and diffusion of technologies.
  4. 12. - How we can be better and different.
  5. 13. - An amount of money required to pay for a good and service.
  6. 14. Economy - An economic system is which the price of products is determined. Buyers and sellers.
  7. 16. and services - Both are used by consumers. One is physical and the other is an action.
  8. 17. - Is the process of creating a new business.
Down
  1. 1. - Is a person who produces and sells products to the consumers.
  2. 2. - The equipment to make the products, E.g. The product or the building.
  3. 3. trends - Are the business changes expected to continue to grow within couple of years.
  4. 5. - The inputs used in production of goods and services to meet human needs and wants.
  5. 6. - Is the voluntary exchange between consumers and producers. Consumers obtain good and producers make more profit.
  6. 7. - A person who buys goods and services for their personal use.
  7. 10. - Natural raw materials, E.g. water, gas, soil.
  8. 11. - Is the ability to conceive or develop new products and services.
  9. 13. - The person who makes the products or sells them to a consumer.
  10. 15. - People who produce the materials or the products they are selling, EG. an ice-cream maker.