Commerce Puzzle

3. An item of value pledged as security in the repayment of a loan
6. The contribution of funds already available from owners or shareholders
8. Relating to an owner or ownership
9. Two or more parties who go against each other and strive to be more successful that the others
10. Something done well/advantage
11. Competition that could hinder success
13. Information gathered to understand their target market better(2 words)
15. A person creating a new business who takes on risks in hopes of gaining profit
17. The consumers desire to purchase a good or service and pay a price for it
18. Something not done well/disadvantage
20. Usually a non-profit organisation that is incorporated under state or territory law(2 words)

1. Being responsible for something
2. The chance to do something beneficial
4. The place or position of something
5. A business with an existing license for the brand
7. Exclusive owner of a business and they hold all responsibility(2 words)
12. Two or more people working together in a business which share profits and liability
14. A group of people that a product or service is aimed towards(2 words)
16. The study of population based on characteristics such as age, gender, location etc
19. Borrowing other peoples money