Business characteristics

3. process of recording, classifying, summarizing and reporting the financial position of a business
8. department responsible for producing goods and services
11. materials derived from natural resources
12. department responsible for distributing goods
14. department responsible for creating products that meet customer watsand need
16. businesses which move finished goods from one business to another by buying, storing, and reselling goods
18. processor effectively working together in group settings
19. debts or obligations of a business
20. pyramid expressing the needs of people in levels
21. financial statement which reports totals in asset, liability and owner's equity

1. businesses that change raw or processed goods into finished goods
2. businesses which change raw goods into a more finished form
4. marketing theory stating the stages experienced by products and services from their introduction decline
5. items of value owned by a business
6. businesses that provide goods and services to businesses and individuals, but operate on donations, volunteers, and philanthropists rather than profit
7. assets=liabilities + owner's equity
9. department responsible for managing the use of company funds, obtaining needed funds, and creating a financial plan
10. businesses which develop products for distribution from raw goods
13. financial statement that reports the net income and a net loss of a company
15. businesses that provide services to consumers and other businesses
17. process of reaching a company's goals and objectives by utilizing its resources