ESB Vocab 2

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Across
  1. 4. The performance of a task in exchange for money
  2. 6. Mandatory payments to local, state, and federal government for public services.
  3. 7. The amount of goods that are available to the consumer.
  4. 9. The amount of goods that consumers want.
  5. 12. A tangible item that is produced and sold to consumers
  6. 13. refers to the aspects of making, selling, and providing products in exchange for money
  7. 14. What a business owes
  8. 16. The science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources.
Down
  1. 1. What a business owns
  2. 2. worth The total value of a business determined by assets minus liabilities
  3. 3. Anything that can be bought or sold.
  4. 5. functions Four forms of operational activities that play necessary roles in running a business. They include finance, production, marketing, and management.
  5. 8. The financial gain calculated by the difference between amount earned and amount spent by a business.
  6. 10. Something essential to survival.
  7. 11. model Describes a precise course of action for how a company will secure customers and generate income.
  8. 15. Something we desire, but essentially can live without.
  9. 17. research Research into consumer preferences to determine if there is a demand for products and what prices people will pay.