Business Characteristics Vocabulary

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Across
  1. 3. department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
  2. 6. developed the Hierarchy of Needs -- a pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization
  3. 10. department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
  4. 12. process of effectively working together in group settings
  5. 13. financial statement which reports net income or net loss of a company
  6. 14. businesses which change raw or processed goods into finished goods
  7. 16. four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion and place
  8. 18. businesses which change raw goods into a more finished form, known as processed goods
  9. 20. process of recording, classifying, summarizing and reporting the financial position of a business
  10. 21. businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit
  11. 22. materials derived from natural resources
Down
  1. 1. businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
  2. 2. department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
  3. 4. debts or obligations owed by a business
  4. 5. financial statement which reports totals in asset, liability and owner’s equity accounts
  5. 7. businesses which provide services to consumers and other businesses
  6. 8. department responsible for distributing goods and services in the most efficient and cost-effective manner
  7. 9. marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
  8. 11. process of reaching a company’s goals and objectives by utilizing its resources; department responsible for the management process
  9. 15. equal to assets minus liabilities
  10. 17. items of value owned by a business
  11. 18. department responsible for producing goods and services in the most efficient and cost-effective manner
  12. 19. businesses which develop products for distribution from raw goods