Chapter 5 vocab

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Across
  1. 5. The process of manufacturing, creating, growing, or improving goods and services
  2. 6. Government financed agencies
  3. 8. The sale price of a product and the fact that if everything else is equal the customers will opt for the cheaper product
  4. 9. Customers willingness and ability to purchase a product
  5. 10. Any word, name, symbol, etc. that identifies a good or service. This can only be used by the owner
  6. 16. The amount of goods producers make and sell
  7. 18. Gives the sole ownership of the rights to an invention or idea
  8. 19. Businesses choose to compete on factors other than the price
  9. 20. Achieving company goals by the use of resources
  10. 21. Potential for loss or failure as the earnings increase
  11. 22. Obtain goods from manufacturers and resell them to organizational users
  12. 23. Buy goods from wholesalers or directly from manufacturers and resell them to consumers
  13. 24. A business selling their products only in their country
  14. 25. Businesses not associated with government agencies
  15. 26. Keeps track of a businesses finances
Down
  1. 1. Involves businesses competing for other businesses customers and is essential for the free enterprise system
  2. 2. Based on the demand for consumer goods and services
  3. 3. Seeks to make a profit from their operations
  4. 4. Exclusive control over a product and the production
  5. 7. A group of establishments engaged in producing or handling the same products or services
  6. 11. A business selling their products in more than one country
  7. 12. The money earned from conducting business after all expenses have been paid
  8. 13. Business ownership by people rather than the governement
  9. 14. Involves anything authored by an individual and gives exclusive rights to sell and produce
  10. 15. Operates like a business but uses their proceeds to support an identified cause
  11. 17. Function of business that involves money management