Across
- 3. can buy and sell property and has 81% of all sales
- 7. person who takes risk in beginning new businesses
- 11. what is remaining after taking into account all expenses, taxes, and receipts
- 13. one of the four elements all businesses must consider
- 14. ability to hire a professional manager and having potential unlimited life is an….
- 18. business owned and run by a single individual
- 20. prevents new monopolies from forming – breaks up current ones
- 22. share of ownership in a corporation that entitles the buyer to certain part of future profits
- 24. occurs when the seller is a price searcher who controls the supply of a good/service and can determine the price it sells the good/service for
- 27. sometimes the potential for conflict among business associates is a…
- 29. ability of a seller to influence the market clearing price of a good/service
- 30. taking small amounts of capital from a large number of people investing in a business
- 31. funding by family & friends may be provided even without a business plan
- 32. who do you contact about factories spewing stinky fumes
- 33. combined company that occurs when one corporation buys more than half the stock of another corporation
- 34. beginning business enterprise
Down
- 1. obstacles to competition – keeps competitors out of the market
- 2. sometimes having investment in business from certain individuals can offer expertise and mentorship
- 3. made up of more than four unrelated businesses
- 4. decreases in long-run average costs of producing due to large scale of output
- 5. actual owner of business who may lease the firm to another person in exchange for an investment amount
- 6. wealthy individuals investors who will provide funding in exchange for a share of equity
- 8. groups of businesses who attempt to reduce international competition by controlling price/distribution of goods
- 9. is a price taker and has no market power
- 10. requirement in which an owner’s responsibility/liability for a company’s debts is determined by the size of the owner’s investment in the firm
- 12. owned by two or more people – least numerous form of business
- 15. all items to which a business/household holds legal claim
- 16. gives you total control over the business when you use your own money
- 17. agency you would contact about unsafe working conditions
- 19. regulates product warranties watches for fraud in advertising
- 21. not actually owning the business is a disadvantage of a…
- 23. protects against monopolies and protects trade
- 25. a few sellers with similar products that cause increased competition among the sellers
- 26. what restricted price discrimination
- 28. who would conduct tests on safety of a new drug