Chapter 6 Vocab

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Across
  1. 3. plan a written description of the business idea and how it will be carried out, including all major business activities
  2. 6. an invention or creation that is brand new Long-term financing is money needed for the main resources of a business that will last for many years
  3. 7. someone who takes a risk in starting a business to earn a profit
  4. 8. financing the amount of money needed to open the business
  5. 9. businesses an independent business with fewer than 500 employees
Down
  1. 1. process of starting, organizing, managing, and assuming the responsibility for a business
  2. 2. capital is money provided by large investors to finance new products and new business that have a good chance to be very profitable
  3. 4. financing is the money needed to pay for the current operating activities of a business
  4. 5. a designed change that increases the usefulness of a product, service, or process
  5. 8. Business Administration government agency that helps small business owners develop business plans and obtain financing and other support for their companies