Across
- 3. consumable, tangible items used in daily operations that are not intended for direct resale or transformation into finished goods
- 7. an entry made on the left side of a journal ledger that increases asset or expense accounts and decreases liability or equity accounts
- 9. implementing new ideas, products, services, or processes that create significant value, improve efficiency, and drive growth
- 10. an agreement to receive goods, services, or money immediately and pay for them later
- 13. the functional process of transforming raw materials, labor, and capital (inputs) into finished goods or services (outputs) that have value for consumers
- 14. resources owned or controlled by a business that have present value, are derived from past events, and are expected to generate future economic
- 15. a legal claim or right filed by a creditor against a company’s assets—such as property, equipment, or inventory—to secure payment of a debt
- 17. an early, preliminary model, sample, or simulation of a product used to test a concept, design, or functionality before mass production
- 18. the final purchase and usage of goods or services by customers to satisfy needs, or the utilization of raw materials by a firm in the production process
- 20. the financial assets, cash, and resources a company uses to fund daily operations, meet expenses, and invest in growth
- 21. a legal business entity, separate from its owners (shareholders), that can own property, enter contracts, incur debt, and sue or be sued
- 22. a business model where an established company (the franchisor) grants an individual or group (the franchisee) the right to use its brand, products, and operating systems in exchange for initial fees and ongoing royalties
- 23. units of ownership in a corporation, representing a fraction of the company's total equity
- 24. a new project, enterprise, or activity that involves financial risk, uncertainty, and the potential for profit
Down
- 1. a physical or digital platform where multiple third-party buyers and sellers meet to trade goods or services, with the operator typically acting as an intermediary rather than owning inventory
- 2. a financial obligation or debt a company owes to external parties, representing a future outflow of resources (money, goods, or services)
- 3. a structured data collection method used to gather information, opinions, and feedback from customers or employees to inform strategic decisions
- 4. the financial gain remaining after all costs, expenses, and taxes are deducted from total revenue
- 5. the direct exchange of goods or services for other goods or services without using money
- 6. the total money a business generates from selling goods or services, or through its primary business activities, before subtracting expenses
- 8. the rivalry between companies selling similar products or targeting the same customers to increase sales, revenue, and market share
- 11. an employee within a large organization who acts like an entrepreneur, using company resources to develop new products, services, or processes
- 12. a financial obligation where a company borrows funds—such as bank loans, bonds, or credit lines—that must be repaid to lenders over time, typically with interest
- 16. a market structure where a single company or entity is the sole supplier of a product or service with no close substitutes
- 19. represent fractional ownership in a corporation. They are issued by companies to raise capital for business expansion, paying debt, or launching new products