Chapter 5 vocab

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Across
  1. 2. Business ownership by people rather than the governement
  2. 9. Any word, name, symbol, etc. that identifies a good or service. This can only be used by the owner
  3. 14. Operates like a business but uses their proceeds to support an identified cause
  4. 15. The process of manufacturing, creating, growing, or improving goods and services
  5. 16. A group of establishments engaged in producing or handling the same products or services
  6. 17. The sale price of a product and the fact that if everything else is equal the customers will opt for the cheaper product
  7. 20. Exclusive control over a product and the production
  8. 21. The amount of goods producers make and sell
  9. 23. Potential for loss or failure as the earnings increase
  10. 24. Based on the demand for consumer goods and services
  11. 25. The money earned from conducting business after all expenses have been paid
  12. 26. A business selling their products only in their country
Down
  1. 1. Businesses choose to compete on factors other than the price
  2. 3. Achieving company goals by the use of resources
  3. 4. Keeps track of a businesses finances
  4. 5. Function of business that involves money management
  5. 6. Involves businesses competing for other businesses customers and is essential for the free enterprise system
  6. 7. Gives the sole ownership of the rights to an invention or idea
  7. 8. Government financed agencies
  8. 10. Customers willingness and ability to purchase a product
  9. 11. A business selling their products in more than one country
  10. 12. Seeks to make a profit from their operations
  11. 13. Obtain goods from manufacturers and resell them to organizational users
  12. 18. Buy goods from wholesalers or directly from manufacturers and resell them to consumers
  13. 19. Involves anything authored by an individual and gives exclusive rights to sell and produce
  14. 22. Businesses not associated with government agencies