Business Vocabulary

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Across
  1. 3. Valuation The process of determining the economic worth of a company
  2. 7. Liability Company (LLC) A corporation-partnership hybrid in which owners have limited liability and limited taxation
  3. 8. Marketing (MLM) A type of business in which individuals, called distributors or sales representatives, earn income from both selling products and recruiting others to sell products under them.
  4. 9. A sort of design that distinguishes a company from its competitors.
  5. 10. Direct Marketing A marketing strategy where brands promote and sell their products directly to consumers, rather than through a third party, like retailers or wholesalers.
  6. 11. An entity that legally exists separately from its owners.
  7. 16. The act of building mutually beneficial long term relationships with others for new opportunities, career growth, and to gain knowledge.
  8. 18. When one company purchases another company in order to merge and grow.
Down
  1. 1. Relations (PR) Managing how a company is seen by the public using the means of communication
  2. 2. Contractor A self-employed individual who’s hired to complete specific tasks (The individual is their own boss)
  3. 4. Capital (VC) When investors give money to startup businesses in exchange for some ownership of the company (like Shark Tank).
  4. 5. Proprietorship A type of business in which a single individual bears full responsibility for all the profits and losses of a business.
  5. 6. Alliance An agreement between two or more companies who work together to achieve a common goal while remaining as two separate legal entities.
  6. 12. When a company hires an outside third party to complete tasks and provide services to focus on more important tasks.
  7. 13. A legal right to an invention given to avoid interference from others who wish to replicate, use or sell the invention
  8. 14. A method in which a business can grow by combining themselves with another business to form one legal entity.
  9. 15. An assessment/evaluation of performance or value in a business
  10. 17. Venture An arrangement in which two or more companies collaborate to work on a specific project while remaining as separate entities.