Chapter 2 Idea Generation

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Across
  1. 1. A product that is desired but can be lived without
  2. 4. A mandatory payment to a local, state, or national government for public services.
  3. 8. The performance of a particular task in exchange for money.
  4. 9. A company's plan for making a profit.
  5. 11. Tangible item that is produced and sold to consumers.
  6. 15. Entrepreneurs' research into consumer preferences
  7. 16. Anything that can be bought or sold to meet a customer's want or need.
Down
  1. 2. The value of a business determined by assets minus liabilities
  2. 3. Four forms of operational activities that play necessary roles in running a business, including finance, production marketing and managment.
  3. 5. Something that an individual or business owns.
  4. 6. The amount of goods that consumers want
  5. 7. Something that is owed by an individual or business.
  6. 8. The amount of goods that are available to consumers
  7. 10. The science of how individuals, businesses, and governments make decisions about satisfying unlimited wants with limited resources.
  8. 12. The aspects of making, selling, and providing in exchange for money.
  9. 13. A product essential to survival
  10. 14. The financial gain calculated by the difference between amount earned and amount spent by a business.