Business Management

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Across
  1. 3. a concise explanation of the organization's reason for existence.
  2. 5. the legal right of the owner of intellectual property.
  3. 8. when daily operations and decision-making power are delegated by top management to middle-and lower-level managers
  4. 9. a leadership style characterized by individual control over all decisions and little input from group members.
  5. 14. a joint venture between a franchisor and a franchisee.
  6. 17. the practice of showing favoritism toward one's family members or friends in economic or employment terms.
  7. 19. the gap between limited resources and theoretically limitless wants.
  8. 20. a system that allows an employee to act like an entrepreneur within a company or other organization
  9. 22. individual who takes the risk to start their own business based on an idea they have or a product they have created
  10. 25. Specific, Measurable, Attainable, Relevant, and Time-bound.
  11. 27. a measure of the rate of rising prices of goods and services in an economy.
  12. 28. the process of assessing the organization's progress toward accomplishing its goals.
  13. 29. a leadership style in which members of the group take a participative role in the decision-making process.
  14. 30. what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.
  15. 31. the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
  16. 32. the granting of a property right by a sovereign authority to an inventor.
  17. 33. the granting of a property right by a sovereign authority to an inventor.
Down
  1. 1. a legal entity that is separate and distinct from its owners
  2. 2. a short, memorable phrase used in marketing campaigns to convey the value of a brand or its products
  3. 4. a setup in which the decision-making powers are concentrated in a few leaders at the top of the organizational structure.
  4. 6. a legal entity that is separate and distinct from its owners.
  5. 7. a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors.
  6. 10. a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies.
  7. 11. the process of guiding the development, maintenance, and allocation of resources to attain organizational goals.
  8. 12. an economic principle referring to a consumer's desire to purchase goods and services and willingness to pay a price for a specific good or service.
  9. 13. the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
  10. 15. a dramatic downturn in economic activity in conjunction with a sharp fall in growth, employment, and production
  11. 16. any word, phrase, symbol, design, or a combination of these things that identifies your goods or services.
  12. 18. periods in time where there is a decline in economic activity such as spending
  13. 21. Strengths, Weaknesses, Opportunities, and Threats
  14. 23. the ability to research, source and maintain the resources necessary to run a business efficiently
  15. 24. a business shared by multiple owners
  16. 26. an expression of what the organization wants to become, what it wants to be, to be known as or to be known for.
  17. 31. Occupational Safety and Health Administration