Unit 4 Terms

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Across
  1. 2. Anything intangible that someone does for a fee, without a tangible good changing hands.
  2. 6. Bringing in goods/services to sell in Canada
  3. 7. Formed over time and are done repetitively
  4. 8. Government controls all economic decision making
  5. 10. A person who uses goods and services
  6. 12. An organization that produces or sells goods/services to satisfy the needs and wants of consumers to make profit.
  7. 15. Selling goods/services from Canada to another country
  8. 17. Allows countries to expand their markets and access goods/services that otherwise may not have been available.
  9. 18. A large retail establishment, usually part of a chain of stores.
  10. 20. The total market value of all goods and services produced within a country in one year
  11. 22. Compensation for usage of your work
  12. 28. The number of able-to-work people who don’t have jobs as a % of the labour force
  13. 30. A tangible product that will be sold, likely for profit.
  14. 32. Feeling pressured by friends to make a purchase
  15. 35. The amount of a good or service that customers are willing to purchase at a particular prices
  16. 37. The money or wealth needed to produce goods/services
  17. 39. Raising capital to fund your organization
  18. 40. The amount of a good or service available for consumption
  19. 41. A person that owns a share of a company.
  20. 44. Any arrangement that enables buyers and sellers to get info and to do business with each other
  21. 45. Special holidays or occasions
Down
  1. 1. The amount and quality of goods and services that money can buy
  2. 3. Virtual store, where business is conducted electronically on the web, without a store or showroom
  3. 4. Physical places that customers visit to make purchases
  4. 5. A product is replaced by a better, more technologically advanced product.
  5. 9. Businesses that are individually owned and operated whose purpose is to make a profit
  6. 11. Business activities needed to create, ship, and sell goods and services across national borders.
  7. 13. Small to medium-sized enterprise
  8. 14. One owner is entitled to all profits and is responsible for all liabilities
  9. 16. A tax imposed by the local government on goods and services coming into a country
  10. 19. Occurs when the price of many products goes up while the purchasing power of money decreases
  11. 21. A business is “free” to own private property and make a profit. Consumers are “free” to buy goods/services from whomever they choose
  12. 23. Allocates the factors of production to make the business successful
  13. 24. Business that takes place entirely within a country’s borders
  14. 25. Needs that are intangible and emotional (such as companionship, security)
  15. 26. A person who buys goods and services
  16. 27. The quantity and quality of work performance
  17. 29. Public sector organizations are sold to the private sector
  18. 31. When a business in Canada develops a relationship with a business in another country
  19. 33. The independent system where Govt and businesses work together to provide goods/services to consumers
  20. 34. Two or more people share profits and losses according to the partnership agreement
  21. 36. Essential for human survival
  22. 37. The ownership of a corporation is divided into many small parts.
  23. 38. Government that provides services
  24. 42. Not essential for survival
  25. 43. An individual or business that makes a product