Chapter 3 - Vocabulary

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Across
  1. 4. factors other than price will attract customers
  2. 6. a license to operate a corporation
  3. 8. a business’s existence is limited by the owner’s life span
  4. 11. all businesses not funded by the government
  5. 13. a market characterized by a few large businesses and many consumers that want or need those firms’ products
  6. 14. an individual who takes the risk of starting a new business
Down
  1. 1. a business partner who does not take an active role in decision making or in running the business
  2. 2. business owned by one person
  3. 3. consumers will choose the lowest priced products
  4. 5. all government-funded services
  5. 7. struggle among businesses for customers
  6. 9. a business owned by two or more persons
  7. 10. a market characterized by the existence of only one supplier
  8. 12. to perform