The Nature of Business Crossword

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Across
  1. 2. an organization that brings together the necessary means of production to create a good or service with the intention of meeting a need or want.
  2. 5. a business organization formed by a group of "co-operators" who work together to achieve shared projects. Typically, profits are shared among the co-operators
  3. 6. are intangible products
  4. 7. the person who produces the good or service from producers with the aim of being the final user
  5. 9. an individual or organization that has an interest in the activities of a business
  6. 13. The surplus after all costs of business in a trading period have been deducted from total sales
  7. 14. They bear the risk of setting up and managing their business
Down
  1. 1. is made up of a franchisor and franchisee
  2. 3. a legal agreement between anything from two to 20 individuals who undertake to form themselves into a business unit with a common view
  3. 4. a single individual or a group of persons who have pooled their resources in order to provide goods and services to make a profit
  4. 8. are tangible products
  5. 10. the deficit after all costs of business in a trading period have been deducted from total sales
  6. 11. this is one person running the business, even though they may employ others
  7. 12. suggests a group of companions who have come together to set up a business, which is what a company is