Chapter 5 Vocab
Across
- 6. The demand for customer goods and services.
- 9. Refers to consumer willingness and ability to buy products.
- 13. Business owned by regular people not the government.
- 14. A business relation in which businesses compete to gain customers.
- 16. Government financed agencies Food and Drug Administration Environmental Protection Agency
- 17. People who buy goods from wholesalers or directly from manufacturers and resell them to the customer.
- 18. A document giving an inventor sole right to an item or idea.
- 19. Seeks to make profit from its operations.
- 20. Businesses choose to compete on the basis of factors that are not related to price.
- 21. A word name symbol sound or color that identifies a good or service.
- 22. The potential for loss or failure.
- 23. Sells its products in more than one country.
- 24. The amount of goods producers are willing to make and sell.
- 25. Consists of a group of establishments primarily engaged in producing or handling the same product or group of products or in rendering the same services.
- 26. Exclusive control over a product or the means of producing it.
Down
- 1. A business that sells its products only in its own country .
- 2. The process of achieving company goals by effective use of resources through planning organizing and controlling.
- 3. Obtain goods from manufacturers and resell them to organizational users other wholesalers and retailers.
- 4. To bring into existence produce
- 5. The discipline that keeps track of a company's financial situation.
- 7. To act together or towards others or with others
- 8. The money earned from conducting business after all costs and expenses have been paid.
- 10. The process of creating growing manufacturing or improving on goods and services.
- 11. Focuses on the sale price of a product.
- 12. The function if business that involves money management,
- 14. Involves anything that is authored by an individual such as writings books magazine articles music and network.
- 15. A group that functions like a business but uses the money it makes to fund the causes identified in its charter.
- 16. Businesses not associated with government agencies.