Vocab 5 Crossword

1. Provides a service like health and legal care or credit unions.
4. A theory that a degree doesn't necessarily mean more efficiency but shows skills and determination useful in jobs.
6. A theory that education increases efficiency and results in a higher wage.
9. When two or more firms competing in the same market join.
11. One person holds the liability and the others invest the money.
15. All partners are equal.
18. Business owned by two or more people who agree on a division of responsibilities and profits.
19. Delegating business processes to another country or independent.
20. Semi independent business that pays fees to a parent company for the exclusive right to sell something in an area.

2. The practice of basing some of a company's processes or services overseas so as to take advantage of lower costs.
3. When two or more firms involved in different stages of production join together.
5. Gives workers the choice of whether or not to join a union.
7. The state of being responsible for something especially by law.
8. Demand that is derived or set by the demand for another good/service.
10. A merger of three or more unrelated business joining.
12. A business organization owned and operated by a group of individuals for their shared benefit.
13. Functions like a general partnership but each partner only has a limited amount of liability.
14. A club or association formed by people with a common interest or purpose.
16. All nonmilitary people who are employed or unemployed.
17. A business owned by one person.