Business Characteristics Vocabulary

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