Across
- 1. a legal agreement in which an individual purchases the right to sell a company’s product or service under the company’s name and trademark
- 7. liability where if something bad happens, they can take business assets AND personal assets to repay debts
- 11. model typically offers a in exchange for a recurring fee, usually charged monthly
- 12. a separate entity under the law, separate from owners
- 14. two or more people own a business together and share control/responsibility
- 15. model generates revenue though salespeople who give presentations and sell products directly to consumers
- 17. = Revenue (money in) minus Expense (money out)
- 19. business Set-up for reasons other than to make money
Down
- 2. owners of a corporation
- 3. is the distributor of a franchised product or service/operate the different locations.
- 4. model where business buys products from a manufacturer and then resells those products to others.
- 5. they are in charge of the major decisions impacting the corporation, including hiring and firing the CEO
- 6. model involves transforming raw materials into products to sell to either consumers or other manufacturers who need them.
- 8. model of a company’s method or plan for making money.
- 9. is the parent company of a franchise agreement that provides the product/service and marketing.
- 10. one person owns business and has all control/responsibility
- 13. model gives a portion of services away for free and hopes consumers will purchase a more premium version or add-ons later
- 16. gives its owners limited liability AND the tax advantage of being a partnership/sole proprietorship
- 18. liability where if something bad happens in the business, they can only take the business’s assets to repay debts