Business Characteristics

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