Business Essentials Review 1/2

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Across
  1. 2. the study of how individuals behave when it comes to satisfying their unlimited wants and needs with limited resources.
  2. 8. A government agency that helps small business owners with resources to help them start up and run their business.
  3. 9. Acting in ways consistent with what society and individuals typically think are good values.
  4. 11. work that businesses perform for consumers.
  5. 13. Business that seeks to make profit.
  6. 17. to help people improve their lives by providing goods and services they value more highly than their other options.
  7. 18. The contest between businesses to win over consumers
  8. 20. Someone who is hired to work for someone.
  9. 22. The process of recognizing a business opportunity, starting the business based on the recognized opportunity, and operating and maintaining that business.
  10. 24. an individual who buys goods and services from businesses.
  11. 25. A business that is owned by many people who are also stakeholders.
  12. 26. the activity of producing and selling of goods or services and making them available to all consumers.
  13. 27. An organization created whose purpose is something other than making a profit.
Down
  1. 1. A business owned by one person.
  2. 3. Being legally responsible for something.
  3. 4. A business that was created for expanding an original business, but opening in a new location, and where you are required to sell goods and services a certain way.
  4. 5. to sell you goods and services in order to try and add value to society.
  5. 6. The quality of being honest and having strong moral principles; moral uprightness.
  6. 7. products created by businesses that you can physically touch and see.
  7. 10. Limited Liability Company
  8. 12. is the activity of making profit by producing and selling consumers goods and services in exchange for money.
  9. 14. Someone who starts up their own business and takes on all the risks and rewards. Entrepreneurs are the decision maker and they decide what, how, and how much of a good or service will be produced.
  10. 15. Items that people can use to make or obtain what they need and want.
  11. 16. the money businesses get to keep after paying off expenses. Profits are a measure of the value it creates in society.
  12. 19. A business form consisting of one or more persons and this type of business helps protect owners personal assets.
  13. 21. a business owned by two or more people and they share the profit.
  14. 23. Money, Labor, and Materials