Business Management: Chapters 1,2,3 Review

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Across
  1. 3. How a company sells its products to customers and its plan for making a profit.
  2. 7. Focuses on the management of the assets, liabilities, equity and cash flow
  3. 9. responsibe for recruiting, hiring, training the employees
  4. 10. as price increases, demand increases
  5. 12. as price increases, demand decreases
  6. 17. The process of recording, maintaining, and reporting an organization’s financial transactions and records.
  7. 18. Buys products from a distributor or wholesaler or manufacturer and sells directly to the consuming public.
  8. 20. that collect, organize, store and secure relevant data and information
  9. 22. owner has unlimited liability, meaning the owner can lose more than they invested in the business.
  10. 23. combines the operational characteristics of a sole proprietorship or partnership while limiting the liability of the investors to the amount they invest.
Down
  1. 1. an organization involved in industrial, commercial, or professional activities with the aim of producing and delivering goods or services
  2. 2. a roadmap of the business's overall objectives and how to achieve them
  3. 4. product supplied = quantity demanded
  4. 5. activities performed by a business, and the activities demonstrates the purpose of the business.
  5. 6. whether there is a small or large change in price, demand for that product doesn't change because it's a necessity
  6. 8. The enterprise and pursuit of ideation, creation, communication, and delivery of profitable
  7. 11. A business owned by two or more people
  8. 13. buys larger quantities of products from manufacturers and then resells them to retailers
  9. 14. buys the products from manufacturers and RESELLS them to: wholesalers, retailers, or the public
  10. 15. the company's purpose and focal point. design a plan of action to meet goals
  11. 16. makes finished products from raw materials
  12. 19. a demand where the item isn't a necessity and you will find other alternatives if price increases
  13. 21. daily functioning of an organization, managing the inputs and outputs