Characteristics of Business

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Across
  1. 2. Work done as the product; no ownership transferred
  2. 5. Mandatory payments to government required by law
  3. 6. Horizontal axis on the market graph
  4. 8. Vertical axis on the market graph
  5. 10. Better production methods that increase supply
  6. 13. Trends and tastes that can shift demand
  7. 15. Consumers’ desire and willingness to buy at various prices
  8. 17. Sudden events (like disasters or strikes) that cut supply
  9. 18. More or fewer buyers in the market; can shift demand
  10. 21. The seller or maker of goods and services
  11. 22. Amount producers are willing to sell at various prices
  12. 23. Organization that does not distribute profits to owners
  13. 24. Government payments that encourage production
  14. 25. Typical ladder of authority inside a business
  15. 26. Different goods that can replace each other
Down
  1. 1. Rules set by government that can affect markets
  2. 3. Goods that are used together
  3. 4. Owner pays to use an established brand’s name and system
  4. 7. Two or more owners share profits and losses
  5. 9. Beliefs about future prices that can shift demand or supply
  6. 11. Physical items you can own and take home
  7. 12. Changes in buyers’ earnings that can shift demand
  8. 14. Point where the supply and demand curves meet
  9. 16. One owner; simplest form of business
  10. 19. Business structure that can protect owners’ personal assets
  11. 20. The buyer of goods and services