Intro to Business

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Across
  1. 5. intangible products
  2. 8. government agencies that establish rules and regulations under which organizations must operate
  3. 9. amount of output given the amount of input
  4. 10. is a group of people who work together to accomplish a specific purpose
  5. 11. a person who sees a new opportunity for a product or service and risks time and money to start a business with the goal of making a profit
  6. 15. tangible products
  7. 17. total amount of money that the selling of goods or services produces during a defined period of time
  8. 18. occurs when business expenses exceed revenues
  9. 20. allow the organization to create products, systems, or cultures that are not easily replicable
  10. 21. amount of money a business makes after paying for all its costs
  11. 22. exchange of goods or services for an agreed sum of money
  12. 25. the arena of forces that encourage or discourage the development of business
Down
  1. 1. entrepreneurship, natural resources, capital, human resources, knowledge
  2. 2. the movement of the world economy toward becoming a more interdependent system
  3. 3. any activity that seeks to make a profit by satisfying need through selling goods or services and generating revenue
  4. 4. a person or an organization, such as a dealer or retailer, that helps sell goods and services to customers
  5. 6. refers to society's general well being measured buy standard of living, health care, educational opportunities, freedom, happiness, and environmental health
  6. 7. Goal is to earn enough profit to cover its expenses and further its goals
  7. 12. possibility that the owner or owners of a business may invest time and money in the enterprise and fail
  8. 13. the people or companies that pay to use an organization's goods or services
  9. 14. formed to make money and profits, by selling goods or services
  10. 16. not only digital but also all machines required to help a company get things done, including vans, vending machines, and surveillance cameras.
  11. 19. how many goods and services people can buy with the money they have
  12. 23. the costs incurred in running the business
  13. 24. people or organizations that are rivals for a company's customers or resources