Business Crossword

3. The race to be better than the others
7. To hire different people specialized in one thing to improve efficiency and quality
9. To combine the factors of production to make products which will satisfy people’s wants and needs
11. The amount of money added to the price of the production of the goods
12. Type of business that is better or easily managed, away from political problems

1. The loss of other options that weren't chosen
2. Making or manufacturing from raw materials. Many sectors of this
4. The organization made by a company on how they are going to work and what they will need
5. Materials used in the production of goods or services
6. The income that you receive that doesn't cover the materials cost
8. From the government or controlled by it
10. There are three of these
13. The production and consumption of goods and services are used to fulfill the needs of those living and operating within it.