chapter 5 review

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Across
  1. 6. Business- a company whose primary goal is to earn income and profit for its founders, leaders and employees
  2. 7. Trade- activity concerned with the supplying and distribution of commodities
  3. 8. Business- a company that operates facilities (such as factories and distribution centres) in many countries around the world.
  4. 9. the exclusive legal right to reproduce, publish, sell, or distribute the matter and form of something
  5. 10. a device (such as a word) pointing distinctly to the origin or ownership of merchandise to which it is applied and legally reserved to the exclusive use of the owner as maker or seller
  6. 11. open to public inspection
  7. 12. the management of money
  8. 17. an individual or business that buys products in bulk from wholesalers or manufacturers and sells them in small quantities to the public for consumption or use.
  9. 18. a financial gain
  10. 19. when businesses compete primarily by adjusting their price points rather than differentiating through branding or product features.
  11. 21. the process of planning, organising, leading, and controlling resources, such as people, finances, and materials, to achieve specific goals efficiently and effectively.
  12. 23. Demand- the demand for a good or service that arises from the demand for another related good or service
  13. 25. the number of products that a producer or seller is willing and capable to provide to buyers.
Down
  1. 1. the quantity of a good consumers are willing and able to purchase at various prices over a given period
  2. 2. a merchant middleman who sells chiefly to retailers, other merchants, or industrial, institutional, and commercial users mainly for resale or business use Price
  3. 3. Sector- the part of an economy which is not controlled or owned by the government
  4. 4. manufacturing activity as a whole
  5. 5. a type of market structure in which only one entity produces or sells goods or services by significantly limiting the ability of other firms to compete.
  6. 9. heact or process of competing
  7. 13. profession of tracking a company's or other large organization's assets or cash flows, and recording how its finances are spent.
  8. 14. Competition- the use of non-price factors to differentiate a product or service and attract customers
  9. 15. Enterprise- industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.
  10. 16. business- where a company has economic transactions that are done within the country's geographical limits.
  11. 20. Organization- a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers.
  12. 22. the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output.
  13. 24. Sector- the part of an economy that is controlled by the government.