Unit 2 - Business Foundations

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Across
  1. 2. the section of a business plan that discusses your target market and the specific group of people your products are made for
  2. 4. the section of a companies business plan that shows accounting information, sources of income, sources of income, or anything related to money within the business
  3. 10. the original business entity or person that grants access to their franchise idea
  4. 12. a type of business that makes products for consumers or other businesses to use
  5. 13. a business owned and operated by one single person
  6. 14. the type of risk that could result in some sort of financial loss
  7. 18. full responsibility for all business activities including any debts or lawsuits that occur
  8. 19. the person or business entity that purchases the rights to a franchise agreement
Down
  1. 1. an unincorporated businesses owned and operated by 2 or more people
  2. 3. the document that shows anything and everything someone like an investor would need to know about your company
  3. 4. a contract or business structure that grants access to an existing businesses brand name and processes that allows you to open separate new locations
  4. 5. a hybrid business structure that combines elements of a corporation with elements of a proprietorship
  5. 6. the type of risk that can result in harm or injury to other people or their property because of your actions
  6. 7. a type of producer that takes natural resources from the earth to use to make a product
  7. 8. the tax structure where the business itself does not pay taxes, instead the individuals pay taxes on income generated; seen in partnerships, proprietorships and LLC's.
  8. 9. a type of producer that takes goods and products made by other producers to make products used by consumers or other businesses
  9. 11. the section of a companies business plans that outlines the 4 P's - product, price, place, and promotion
  10. 15. a business structure that issues shares of stock, operates apart from owners and has limited liability for shareholders
  11. 16. shareholders are only responsible for their initial investment into a company
  12. 17. the tax structure seen in corporations where the business and shareholders have to pay taxes on income earned
  13. 19. a type of producer that grows crops or raises livestock