Let's Talk Business Vocabulary
Across
- 4. pyramid expressing the needs of people in levels: basic needs, safety,
- 7. businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
- 8. process of effectively working together in group settings
- 10. materials derived from natural resources
- 13. department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
- 14. financial statement which reports net income or net loss of a company
- 16. businesses which provide services to consumers and other businesses
- 18. department responsible for producing goods and services in the most efficient and cost-effective manner
- 20. department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
- 22. Assets = Liabilities + Owner’s Equity
- 23. love, esteem and self-actualization
- 24. financial statement which reports totals in asset, liability and owner’s equity accounts
Down
- 1. four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion and place
- 2. businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit
- 3. department responsible for distributing goods and services in the most efficient and cost-effective manner
- 5. debts or obligations of a business
- 6. department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
- 9. businesses which develop products for distribution from raw goods
- 11. items of value owned by a business
- 12. businesses which change raw goods into a more finished form, known as processed goods
- 15. process of recording, classifying, summarizing and reporting the financial position of a business
- 17. businesses which change raw or processed goods into finished goods
- 19. marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
- 21. process of reaching a company’s goals and objectives by utilizing its resources; department responsible for the management process