Business Concepts

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Across
  1. 2. a hybrid model of an organizational structure of a business that combines functional and project-based structures
  2. 3. an organizational structure of a business where there is a clear chain of command. At the top is a CEO.
  3. 5. The function of a business that focuses on recruiting, hiring, training, and developing employees.
  4. 6. Develop products from raw goods
  5. 7. The function of a business that records and tracks income and expenses and preparing financial statements
  6. 10. a period of the business cycle where the economy is growing.
  7. 11. The function of a business that plans, organizes, and leads to achieve specific goals.
  8. 13. The function of a business responsible for creating goods or services.
  9. 17. a period in the business cycle of more than two quarters of contraction
  10. 20. a period of the business cycle where the economy starts to slow down.
  11. 23. a business owned and operated by one person
  12. 24. A type of business that changes processed goods into finished goods.
  13. 27. The function of a business that manages the organization’s financial resources, including budgeting, and financial reporting
  14. 28. is its own legal entity; ownership can be shares of stock.
Down
  1. 1. a business owned by two or more people who share responsibilities and profits.
  2. 4. Move finished goods from one business to another
  3. 8. an organizational structure of a business which employees are grouped based on their specific roles, skills, or functions within the organization
  4. 9. The function of a business that is responsible for promoting and selling products or services
  5. 12. a model of the ups and downs of the economy Expansion, Peak, Contraction, and Trough.
  6. 14. a product which is an intangible activity
  7. 15. a business that operates under the name and system of an established company.
  8. 16. someone who owns shares in a company
  9. 18. tangible or physical item or product
  10. 19. a period of the business cycle where business activity is at its lowest
  11. 21. The function of a business that involves getting the product to the customers. It involves shipping, warehousing, inventory management, and filling orders.
  12. 22. Change raw goods into a more finished form for product development
  13. 25. period of the business cycle in which business activity is at a maximum
  14. 26. a less formal model of an organizational structure of a business with fewer levels of management, promoting a more collaborative environment