POBF unit 7

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Across
  1. 5. A business owned by one person who receives all the profits from the business and takes all the risks
  2. 7. Two individual businesses that combine to form one organization
  3. 9. The goods, services or ideas a business will offer its customers
  4. 11. Process of developing the best course of action to accomplish an objective; involves analyzing information & setting goals.
  5. 12. Legal condition where an individual has full responsibility for all debt and actions of the business
  6. 15. Corporation whose shares are traded on the stock market
  7. 17. Taking command and delegating instructions; involves leading people to accomplish goals
  8. 18. A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating
  9. 21. Focuses on customers' needs & wants in order to make a profit
  10. 23. Owners of a corporation
  11. 24. Actions intended to satisfy consumers' wants/needs while encouraging customers to buy a business's products rather than competitor's
  12. 25. A business owned by two or more people who have entered into an agreement together
  13. 27. Legal condition where an individual is liable only up to the amount of their investment
  14. 28. The various types of communication used to inform, persuade, or remind customers about products
  15. 29. A form of business growth in which a corporation acquires many smaller companies
  16. 30. Corporation whose shares are not publicly traded on the stock market
  17. 33. Unions in professional sports are called
  18. 34. Combination of four elements (product, place, price, promotion) needed to successfully market a product
  19. 35. Involves developing procedures, establishing structure, and arranging resources to achieve goals.
Down
  1. 1. A business owned by stockholders and managed by a board of directors
  2. 2. According to the marketing concept, which option demonstrates customer orientation?
  3. 3. Level of management that includes CEOs and others that set long-term goals, conduct strategic planning and are responsible for the success & profitability of the entire organization
  4. 4. unction of marketing determines how much gross profit a business will make on a good or service
  5. 6. Level of management that directly oversees the routine work of employees, supervisors and others who spend most of their time performing staffing, directing, & controlling activities.
  6. 8. Formal measurement & analysis of actions at established check points to determine whether or not goals were met
  7. 10. The marketing function which involves the matching and satisfying of customer wants and needs with available goods or services
  8. 13. Allocates employees to tasks based on their experience to manage work flow; involves obtaining, training, & compensating employees.
  9. 14. Partnership in which each partner has unlimited liability and takes responsibility for managing a business
  10. 16. Which of the following marketing functions enables businesses to have their products in the right place at the right time
  11. 19. Corporation that operates to accomplish a specific mission, not to make money
  12. 20. Partnership in which the liability of one or more partners is limited to his or her investment
  13. 22. Level of management that includes specialists responsible for conducting tactical planning for specific parts of the business along with organizing and controlling activities
  14. 26. A business authorized to sell or distribute the parent company's goods or services in a particular area
  15. 31. The amount of money a firm asks in exchange for its products
  16. 32. Getting a product in the right location at the right time