AP Business w/PF Unit 1

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Across
  1. 1. ETHICS, Principles and standards used to determine whether business decisions and actions are morally responsible
  2. 5. ADVANTAGE, A condition that allows a business to outperform its competitors
  3. 7. An individual or group that affects or is affected by a business and its decisions
  4. 9. COMPETENCY, A capability or area of expertise that a business performs particularly well
  5. 10. A group of buyers and sellers involved in exchanging a product service or resource
  6. 13. A framework used to analyze external factors that may affect a business
  7. 14. A PESTEL factor involving sustainability natural resources climate pollution and environmental conditions
  8. 18. A PESTEL factor involving new technologies innovation automation or changes in how products are produced or delivered
  9. 19. An organization that creates and delivers value to customers in exchange for revenue
  10. 21. VIABLE PRODUCT, A basic version of a product created to test an idea and gather customer feedback
  11. 22. A PESTEL factor involving inflation interest rates unemployment and consumer purchasing power
  12. 23. The practice of openly communicating relevant information to stakeholders
  13. 24. A PESTEL factor involving government policies decisions taxes or political conditions
Down
  1. 2. A stakeholder outside the organization who may be affected by its activities such as a customer supplier or community
  2. 3. VALUES, Fundamental principles that guide an organizations behavior and decision making
  3. 4. A PESTEL factor involving laws regulations legal requirements and compliance
  4. 6. CAPTURE, The ability of a business to generate revenue or profit from the value it provides
  5. 8. A strategy of making a product or service meaningfully different from competitors offerings
  6. 11. A stakeholder who is part of the organization such as an employee manager or owner
  7. 12. VALIDATION, The process of gathering evidence to determine whether customers have a problem or demand for a proposed solution
  8. 15. CREATION, The process of providing benefits to customers by meeting a need want or problem
  9. 16. A statement explaining an organizations purpose and what it does to pursue its goals
  10. 17. A statement describing what an organization hopes to become or accomplish in the future
  11. 19. TO ENTRY, A factor that makes it difficult or costly for new competitors to enter a market
  12. 20. A PESTEL factor involving culture demographics lifestyles attitudes and consumer behavior