Business

6. Cuba is moving towards ------, when government sells organization to private sector.
7. ----- sector is owned by government
9. ---- goods are goods that people undervalue their benefits and do not consume enough unless government intervenes like healthcare and education.
10. means owners are personally responsible for the actions of business and individual may lose personal assets if the business has financial issues.
13. ---- sector is the first stage of production, extracting and using natural resources to produce raw materials E.g. farming, extraction of oil and water, fishing.
14. ------ of the product in the eye of the consumer defines if product is competitive or not
15. refers to the four production factors
16. is the skill needed to make new ideas work
17. in ----- two people can share resources, ideas and profits of a business.

1. one business can ---- another business if it owns 51% of its shares.
2. ---- is the main objective of businesses.
3. ----- sells the rights to use or sell products to franchisee.
4. machinery and equipment used by businesses to produce goods and services
5. ------ pay dividends to owners as rewards
8. ----- bottom line refers to3Ps(profits, planet and people) to measure success of the business
11. is hard worker and risk taker who creates a new business.
12. ---- cooperatives are owned and run by employees