Factors of Production

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Across
  1. 5. location, raw material
  2. 7. intangible ready material that customers are willing to pay for to satisfy their needs and the seller earns profit when selling
  3. 9. the process of transferring information from one place to another, from one person to another, from one source to another
  4. 10. idea, ability, risk taking, can be manager as well
  5. 11. a virtual place where a seller of a product meets with a buyer of a product and they exchange a product of a service for the agreed payment.
  6. 13. a tangible ready material that customers are willing to pay for to satisfy their needs and the seller earns profit when selling
Down
  1. 1. manufacturer, seller or a provider is a person or a business that takes the resources of production as an input and organizes the production process to provide a buyer a product or service that satisfies their needs.
  2. 2. customer, buyer, end-user is a person or a business who has a particular need to be satisfied, is willing to pay for buying the product or service and expresses the wish to buy
  3. 3. A business that is owned and operated by two or more people
  4. 4. is a business organization that has a separate legal personality from its owners
  5. 6. A business owned and operated by a single individual
  6. 8. ready product like factory equipment, machines
  7. 12. staff, manpower, employee with qualifications and skills