BMF II & AP Bus Vocab

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Across
  1. 5. The systematic gathering, recording, and analyzing of data regarding customers, competitors, and the market environment to inform business decisions.
  2. 6. The perceived worth, utility, or benefit that a customer derives from a product or service relative to its cost.
  3. 7. A favorable set of circumstances or market gap that creates a need for a new product, service, or business model.
  4. 9. An individual or business entity that purchases goods or services from another organization.
Down
  1. 1. Capable of working successfully, surviving, and maintaining long-term financial and operational profitability or sustainability.
  2. 2. The process of retaining a portion of the total economic value created by a business through pricing strategies, revenue models, and profit retention.
  3. 3. An individual who identifies a market opportunity, organizes and operates a business venture, and assumes the financial risks in pursuit of profit.
  4. 4. A structured group of people working together in a coordinated manner to achieve specific goals, targets, or operational objectives.
  5. 8. An organization or enterprising entity engaged in commercial, industrial, or professional activities aiming to produce goods or provide services to satisfy consumer needs.