Chapter 2 Business plan

3. Model guide that leads an entrepreneur through nine logical questions when brainstorming new business idea.
4. Business that purchase large amounts of goods directly from manufacturers for resale to various retailers
5. Science that deals with examining how goods and services are producted, sold, and used.
8. Business that turns raw materials from natural resources or product components into new products for sale.
11. something that a person desires,but can function without.
14. Day-to-day activities necessary to keep a business up and running.
15. All of the goods and services that a business sells.
18. overall goal for a company's future; included in the business plan
19. , a written plan of action to ensure a positive and rapid response to a changing situation
21. Costs involved in operating a business
22. As a function of business, includes all the business activities that involve money
23. Economic principle relating the quantity of product available to meet consumer demand

1. Costs involved in operating a business.
2. Based on the number of businesses competing for sales in an industry.
6. Intangible action or task that is performed, usually for a fee.
7. Cost of passing up the next best choice when making a decision.
9. Right to sell a company's goods or services in a particular area.
10. Term for all the activities involved in developing and exchanging products
12. Physical, or tangible items, that can be touched and used.
13. Initial sum money needed to open a business and cover start-up expenses.
16. Earnings that a business receives for the goods and services it sells. Also called income.
17. business that is independently owned and operated, organized for profit, and not dominant in its field.
19. Money moving into and out of a business
20. Financial Statement based on the best estimate of the business' future sales and expenses.