Business Beginnings Vocabulary

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Across
  1. 1. the amount of goods or services that are available for sale in a market
  2. 2. a person or business that creates and sells goods and services
  3. 5. tangible items that people can touch, see, and purchase, such as clothing, books, and furniture
  4. 6. the place where buyers and sellers come together to exchange goods and services
  5. 10. research the process of gathering information about a target market to help make informed business decisions Branding - the process of creating a unique name and image for a product or business in the mind of consumers
  6. 11. a financial plan that outlines expected income and expenses for a given period of time
  7. 12. the study of how societies use scarce resources to produce goods and services
  8. 14. a person who purchases goods and services
  9. 15. rate the percentage at which money borrowed is charged, or the percentage earned on savings or investments
  10. 17. a fixed amount of money paid to an employee for their work
  11. 18. things that are required for survival, such as food, water, and shelter
  12. 20. the total amount of money earned by a business from sales of goods or services
  13. 21. audience a specific group of consumers that a business aims to reach with its products or services
  14. 22. the total amount of goods or services sold by a business during a given period of time
  15. 24. things that people desire but are not necessary for survival, such as toys, electronics, and vacations
  16. 27. the practice of promoting and selling goods or services through various forms of media
Down
  1. 1. Savings a retirement savings plan that is funded by contributions from the employee and/or employer
  2. 3. the amount of goods or services that consumers are willing and able to purchase at a certain price
  3. 4. the rivalry between businesses to attract customers and make profits
  4. 7. a person who starts and manages a business venture
  5. 8. the amount of money a business earns after deducting all expenses
  6. 9. money earned through work or investments
  7. 13. the amount of money spent by a business to produce goods or services
  8. 16. the possibility of financial loss or other negative consequences
  9. 19. assets purchased with the goal of generating income or appreciation in value
  10. 21. the system of collecting taxes from individuals and businesses to fund government programs and services.
  11. 23. an organization engaged in commercial, industrial, or professional activities
  12. 25. money set aside for future use or emergencies
  13. 26. intangible activities that people can purchase, such as haircuts, education, and healthcare