Business Concepts

3. Takes a broader, long-term strategic view covering both manufacturing and services.
4. Tangible items manufactured by businesses.
7. Manages a company's workforce.
8. An association of two or more individuals who agree to operate a business together for profit.
9. into contracts, sue and be sued, and engage in business operations under the terms of its charter.
10. Expenses incurred from creating and selling goods and services.
12. Focuses on day-to-day manufacturing of physical goods.
14. A business that is established, owned, operated, and often financed by one person.
18. The quantity of a good or service that people are willing to buy at various prices.
19. A market structure in which a few firms produce most or all of the output and in which large

1. An organization that strives for a profit by providing goods and services desired by its customers.
2. The process of guiding the development, maintenance, and allocation of resources to attain organizational goals.
5. The quantity of a good or service that businesses will make available at various prices.
6. One of the 5 P's of marketing that answers 'How will people hear about it?'
10. A corporation is chartered by the state in which it is formed and can own property,
11. The process of identifying customer needs and communicating value to promote and sell products or services.
13. The inputs, such as tools, machinery, equipment, and buildings, used to produce goods and services
15. get them to the customer.
16. One of the 5 P's of marketing that answers 'Who is involved?'
17. The money left over after all costs are paid.