Business Terminology Review

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Across
  1. 4. Anything of value that is owned by an individual, company, or organization.
  2. 5. A business model where an individual (the franchisee) pays to operate a business using an established company's (the franchisor) brand, products, and operational system.
  3. 8. Trust that allows one party to receive money, goods, or services from another with the promise to repay later.
  4. 10. Business or industry that is managed by independent companies or private individuals rather than by the state.
  5. 12. A company is losing money or is in debt, meaning its expenses exceed its income.
  6. 13. Complete control over a market for a specific good or service, facing little to no competition because it is the sole supplier.
  7. 16. He use, purchase, or eating of goods, services, and resources.
  8. 21. To implement new ideas, methods, or products that create value
  9. 24. A legal entity separate from its owners, with the rights and responsibilities of an individual, such as entering contracts, owning property, and being sued.
  10. 25. Direct exchange of goods or services for other goods or services without the use of money.
  11. 27. Shares business refers to a company structure where ownership is divided into units called shares.
  12. 29. A business that is owned or controlled by the government, operating to provide goods or services to the public while also aiming for social welfare and, often, profitability.
Down
  1. 1. A risky undertaking, such as a business enterprise, or to money risked in such an enterprise.
  2. 2. A business relationship between two or more parties who agree to work together and share in the profits and losses of a business.
  3. 3. An early model or version of something that is used to test a concept, gather feedback, and iterate on a design before the final product is developed.
  4. 6. A debt or obligation a person or business owes to another entity, representing a future sacrifice of economic benefits like money, goods, or services.
  5. 7. A record of the money taken from your bank account.
  6. 8. A rivalry between two or more individuals or groups who are all trying to achieve the same goal, which cannot be shared.
  7. 9. Money that is owed to another party, and it can apply to individuals, companies, and governments.
  8. 11. The simplest form of business, owned and run by one person with no legal distinction between the owner and the business.
  9. 14. A stock of a resource from which a person or place can be provided with the necessary amount of that resource.
  10. 15. Financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
  11. 17. A method of gathering information from a specific group of people to understand their opinions, behaviors, or experiences.
  12. 18. Profitable and not burdened by debt.
  13. 19. A legal entity separate from its owners, with the rights and responsibilities of an individual, such as entering contracts, owning property, and being sued.
  14. 20. A manager within a company who promotes innovative product development and marketing.
  15. 22. Place where people buy and sell goods or services.
  16. 23. Creates goods or services by converting raw materials, components, or even other services into a new, finished product through a process involving labor, capital, and planning.
  17. 26. Right to keep possession of property belonging to another person until a debt owed by that person is discharged.
  18. 28. Partial ownership in a company, offering a claim on its earnings and assets.
  19. 30. Total amount of money a company earns from its normal business operations, such as selling goods and services, before any expenses are deducted.