Ch 6 Vocab

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Across
  1. 2. the part of the business plan that discusses the organization of the company and describes its major operations
  2. 5. an invention or creation that is brand new
  3. 6. A written description of the business idea and how it will be carried out, including all major business activities.
  4. 10. A designed change that increases the usefulness of a product, service, or process.
  5. 13. (SBA) A government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
  6. 14. someone who takes a risk in starting a business to earn a profit
Down
  1. 1. The part of a business plan that discusses sales forecasts and the location and number of potential patrons.
  2. 3. an independent business with fewer than 500 employees
  3. 4. the money needed to pay for the current operating activities of a business
  4. 7. money provided by large investors to finance new products and new businesses that have a good chance to be very profitable
  5. 8. the amount of money needed to open the business
  6. 9. money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.
  7. 11. the process of starting, organizing, managing, and assuming the responsibility for a business
  8. 12. products or raw materials a business keeps on hand