Chapter 6/7 Vocabulary

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Across
  1. 3. KEY! This world is built on communication, essential in all aspects of life
  2. 4. money provided by large investors to finance new products and new businesses that have a good chance to be very profitable
  3. 6. direct & lead people to accomplish work
  4. 8. a written description of the business idea and how it will be carried out – like anything, developing a business requires a plan
  5. 10. identifying/arranging work & resources
  6. 11. analyzing information, setting goals, decisions
  7. 12. First level managers, responsible for the day-to-day work of a small group of employees.
  8. 13. top-level managers with responsibilities for the direction and success of the entire business
  9. 17. The amount of money needed to open the business
  10. 19. The combined use of tactical and strategic management.
  11. 21. ability to motivate individuals and groups to accomplish important goals.
  12. 22. Description of major marketing activities, description of resources needed, schedule of marketing activities
  13. 24. Everyone on a team is different, recognizes similarities and differences is important
  14. 25. Description of customers, location, number, and resources of customers, sales forecasts
  15. 26. specialists with responsibilities for specific parts of a company’s operations.
Down
  1. 1. Designed change that increases the usefulness of a product/service
  2. 2. Invention / Creation - brand new
  3. 5. enables a person to affect the actions of others.
  4. 7. Combined skills of people of a team are greater than individual skills. Managers must make others understand each other & work together
  5. 9. nderstand own strengths and weaknesses, cannot always make decisions in which everyone agrees with – it’s difficult!
  6. 14. government agency that helps small business owners develop business plans and obtain financing and other support for their companies.
  7. 15. Determines if the business has accomplished the goals they set
  8. 16. the way people get along with each other.
  9. 18. obtaining, preparing, compensating employees
  10. 20. Process of accomplishing the goals of an organization through the effective use of people and other resources.
  11. 23. Someone who takes a risk in starting a business to earn a profit