Chapter 5

3. Government financed agencies
7. Process of achieving company goals by effective use of resources through planning, organizing and controlling
10. Function of business that involves money management
12. Sale price of a product
13. Struggle for customers
14. Sells its product in more than one country
17. Money earned from conducting business after all costs and expenses have been paid
20. Uses the money made to to fund a cause
22. Identifies a good or service
24. enterprise Business ownership by ordinary people not the government
26. business choose to compete on basis of factors that are not related to price

1. Organized market based on the consumer goods and services
2. Business not associated with the government
4. Sells its product only in its own country
5. Refers to consumer willingness ability to buy the product
6. Obtain goods from manufactures and resell them to organized users, other wholesalers, or retailers
8. Potential loss or failure
9. Exclusive control over a product or the means of producing it
11. Exclusive right to reproduce or sell work
15. Discipline that keeps track of a company's fiances, you would study its balance sheet, profit and loss statement, and cash flow statement
16. Amount of goods producers are willing to make and sell
18. Seeks to make profit from its operations
19. A group of establishments primarily engaged in producing or handling the same product or group of products
21. Manufacturing or improving on goods and services
23. Buy goods from wholesalers or directly from manufacturers and resell them to consumers
25. Own the right to that item