Across
- 1. a type of ownership that joins elements of a corporation and a partnership
- 5. a business owned and operated by a single individual; the most common form of business in the United States
- 7. the owner of a company grants another business owner the rights to use the owner company's name; the owner gets to grow their company by selling the company's rights
- 10. a legally binding contract that establishes a partnership
- 11. creates income for its owner; goal is to make more money than you spend
Down
- 2. a business owned by stockholders who share in profits and losses
- 3. customers pay an upfront price for a product; companies with this model provide lengthy access to goods and services for an annual, monthly, or weekly fee
- 4. a company provides goods or services for free but later charges for extra features; free games is an example
- 6. created to benefit a public interest; money must go directly towards accomplishing their goals and staying in business. Ex: Humane Society
- 8. sales employees of a business sells a product directly to a customer; the businesses that use this model rely on customer service and relationships.
- 9. a form of business owned by two or more individuals who share management and profits