Business Characteristics Vocabulary

Edit Answers
1234567891011121314151617181920212223
Across
  1. 3. businesses which change raw or processed goods into finished goods
  2. 5. businesses which change raw goods into a more finished form, known as processed goods
  3. 12. department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
  4. 13. department responsible for distributing goods and services in the most efficient and cost-effective manner
  5. 14. businesses which provide services to consumers and other businesses
  6. 16. businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit
  7. 17. items of value owned by a business
  8. 20. financial statement which reports totals in asset, liability and owner’s equity accounts
  9. 23. department responsible for producing goods and services in the most efficient and cost-effective manner
Down
  1. 1. process of recording, classifying, summarizing and reporting the financial position of a business
  2. 2. department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
  3. 4. materials derived from natural resources
  4. 6. process of effectively working together in group settings
  5. 7. financial statement which reports net income or net loss of a company
  6. 8. process of reaching a company’s goals and objectives by utilizing its resources; department responsible for the management process
  7. 9. businesses which develop products for distribution from raw goods
  8. 10. businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
  9. 11. debts or obligations owed by a business
  10. 15. marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
  11. 18. equal to assets minus liabilities
  12. 19. developed the Hierarchy of Needs -- a pyramid expressing the needs of people in levels: basic needs, safety, belongingness, love, esteem and self-actualization
  13. 21. department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
  14. 22. four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion and place