Chapter 5 Choiceboard

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Across
  1. 3. end users of the service, also called the consumer
  2. 5. the means of delivering a service or product indirectly to the customer, such as through a wholesaler
  3. 7. a group of businesses with a common interest
  4. 10. a working model used by entrepreneurs to determine what it takes to develop their products or services
  5. 14. a description of how entrepreneurs plan to make money with their business concepts
  6. 15. the distribution channel through which a product or service flows from the producer to the customer
  7. 16. a document that describes a new business and a strategy to launch that business
  8. 18. distinctive aspect, qualities, or characteristic of a product or service
  9. 19. a tool for organizing important information about a business venture’s competition
  10. 20. the means by which a product or service is delivered to the customer
Down
  1. 1. people most likely to buy a business’s products and services
  2. 2. a clear and concise description of a business opportunity; it contains four elements: the product or service, the customer, the benefit, and the distribution
  3. 4. the federal agency that provides services to small businesses and new entrepreneurs, including counseling, publications, and financial aid
  4. 6. the means of delivering a service or product directly to the customer, such as via a website
  5. 8. things that promote or enhance the value of a product or a service to the customer
  6. 9. the process that tests a business concept; it allows the entrepreneur to decide whether a new business concept has potential
  7. 11. distinctive aspects, qualities, or characteristics of a product or service
  8. 12. a declaration of the specific aspirations of a company, the major goals for which it will strive
  9. 13. an organization made up of individuals and businesses in a specific industry that works to promote that industry
  10. 17. a brief recounting of the key points contained in a business plan