Across
- 2. a form of business ownership where usually two people come together to form a business
- 5. this type of liability is a liability that is restricted to a partner or investor's investment
- 7. costs of resources that change every month are considered to be ___ costs
- 9. this type of liability refers to ownership where the owners and partners are each liable for all business debts
- 11. this type of channel of distribution does not go through intermediaries
- 14. someone who develops new ideas for products or ways of doing things
- 16. product or service that is desired but not required for survival
- 17. a characteristic of a good entrepreneur that describes someone who looks at surroundings in new and different ways
- 18. a characteristic of a good entrepreneur who can easily adapt to change
- 20. a form of business ownership where the business is owned by shareholders who invest in the business
Down
- 1. this type of need is at the bottom of Maslow’s hierarchy of needs
- 3. costs of resources that are the same every month (rent, salaries etc.) are considered to be ___ costs
- 4. a characteristic of a good entrepreneur who has a vision of how things should be in the future
- 6. this type of inventory control method includes filling out inventory sheets, filling out order sheets and doing physical count of stock
- 8. this type of inventory control method includes scanning barcodes and radio frequency identification in order to automatically update inventory levels and for orders to be automatically sent to the company’s suppliers
- 10. product or service that is required for survival
- 12. someone who improves existing products or ways of doing things
- 13. this type of channel of distribution involves intermediaries such as the wholesaler and retailer before it reaches the customer
- 15. a form of business ownership where one individual owns the whole business
- 19. a business that provides banking services for profit