chap 5 vocab

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Across
  1. 3. business that sells goods or services directly to consumer
  2. 5. Business- a company that operates facilities (such as factories and distribution centres) in many countries around the world
  3. 7. Trade- the buying and selling of goods or services for profit
  4. 10. the process of planning, organising, leading, and controlling resources, such as people, finances, and materials, to achieve specific goals efficiently and effectively
  5. 12. a rivalry where two or more parties strive for a common goal which cannot be shared
  6. 14. Competition-when a company strategically prices its products or services based on competitor pricing in your market
  7. 19. Business- to generate profit and develop effective products and services that are valuable to consumers.
  8. 21. money you have left after paying for business expenses.
  9. 22. type of intellectual property that protects original works of authorship as soon as an author fixes the work in a tangible form of expression
  10. 24. a business structure
  11. 25. any word, phrase, symbol, design, or a combination of these things that identifies your goods or services
Down
  1. 1. products to other businesses in bulk
  2. 2. a group of manufacturers or businesses that produce a particular kind of goods or services
  3. 4. an exclusive right granted for an invention Private Sector
  4. 6. an urgent or pressing requirement
  5. 8. Organization- not paying out profits
  6. 9. also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and
  7. 11. - the management of money
  8. 13. Competition-a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship
  9. 14. Sector-It includes all government entities, such as national, regional, and local authorities, as well as public institutions and state-owned enterprises.
  10. 15. the number of products that a producer or seller is willing and capable to provide to buyers
  11. 16. Enterprise -Industry and business which is owned by individual people or commercial companies, and not by the government or an official organization
  12. 17. when a single company or entity creates an unreasonable restraint of competition in a market
  13. 18. Demand-
  14. 20. the method of turning raw materials into finished or semi-finished products
  15. 23. business-operates within its home country or state and follows local laws and regulations