Chapter 5 Vocab

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Across
  1. 3. Business: the buying and selling of goods and services by people from different countries
  2. 5. Trade: activity concerned with the supplying and distribution of commodities.
  3. 6. A financial gain
  4. 7. Sector: The part of the government that is controlled by the government
  5. 9. a type of intellectual property that protects original works of authorship as soon as an author fixes the work in a tangible form of expression.
  6. 12. the profession of tracking a company's or other large organization's assets or cash flows, and recording how its finances are spent.
  7. 14. 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
  8. 15. the number of products that a producer or seller is willing and capable to provide to buyers
  9. 16. The management of money
  10. 18. the quantity of a good consumers are willing and able to purchase at various prices over a given period
  11. 19. a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises
  12. 20. Organization: A business whose goal is to provide a service rather than to make a profit.
  13. 23. business: where a company has economic transactions that are done within the country's geographical limits
  14. 24. An exclusive right granted for an invention that is new and useful
  15. 25. Demand: the demand for a good or service that arises from the demand for another related good or service
Down
  1. 1. a rivalry where two or more parties strive for a common goal which cannot be shared
  2. 2. the sale of goods in large quantities at a lower price, typically to retailers or businesses who then resell the products to consumers.
  3. 4. Sector: owned by individuals or companies aiming to make a profit
  4. 7. The process of combining various inputs, both material and immaterial in order to create output
  5. 8. the process of planning, organizing, leading, and controlling resources, such as people, finances, and materials, to achieve specific goals efficiently and effectively
  6. 10. Competition: when businesses compete primarily by adjusting their price points rather than differentiating through branding or product features
  7. 11. Business: A business that seeks to make a profit from its operations.
  8. 13. Competition: a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship
  9. 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
  10. 21. a group of manufacturers or businesses that produce a particular kind of goods or services
  11. 22. Enterprise: industry and business which is owned by individual people or commercial companies, and not by the government or an official organization.