Chapter 3 Vocabulary Terms

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Across
  1. 1. an employee who directs the work of others and is responsible for carrying out the goals of the department
  2. 5. term for all of the activities involved in developing and exchanging goods and services
  3. 7. anything of value that is accepted in return for goods or services
  4. 8. business that is legally separate from its owners and has most of the legal rights of an actual person
  5. 10. function of business controls and makes decisions about a business
  6. 11. legal process that allows a company to reorganize or go out of business when it runs out of funding
  7. 12. a business that creates goods and services
Down
  1. 2. advertising message that a person, business, or other organization is paid by another party to give
  2. 3. any activity related to making a product, which can be a good, a service, or an idea
  3. 4. personal selling done over the telephone
  4. 6. occurs when one business has complete control of a market's entire supply of goods or services
  5. 9. relationship between two or more people who join to create a business