Business characteristics

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Across
  1. 3. four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion, and place
  2. 8. process of reaching a company's goals and objectives by utilizing its resources; department responsible for the management process
  3. 10. businesses which change raw or processed goods into finished goods
  4. 11. debts or obligations of a business
  5. 12. assets=liabilities + owner's equity
  6. 17. items of value owned by a business
  7. 18. process of effectively working together in group settings
  8. 19. marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
  9. 20. businesses which provide services to consumers and other businesses
  10. 21. department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
  11. 22. businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers, and philanthropists rather than profit
  12. 23. department responsible for producing goods and services in the most efficient and cost-effective manner
Down
  1. 1. financial statement which reports totals in asset, liability, and owner's equity accounts
  2. 2. department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
  3. 4. businesses which move finished goods from one business to another by buying, storing, and reselling goods; often referred to as "middlemen"
  4. 5. process of recording, classifying, summarizing and reporting the financial position of a business
  5. 6. department responsible for managing the use of company funds, obtaining needed funds, and creating a financial plan
  6. 7. financial statement which reports net income or net loss of a company
  7. 9. pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem, and self-actualization
  8. 13. materials derived from natural resources
  9. 14. businesses which develop products for distribution from raw goods
  10. 15. department responsible for distributing goods and services in the most efficient and cost-effective manner
  11. 16. businesses which change raw goods into a more finished form, known as processed goods