DECA Chapter 5 Vocab

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Across
  1. 4. Exclusive control over a product or means of producing it
  2. 7. Demand for consumer goods or services
  3. 9. Obtain goods from manufacturers to resell to organizational users.
  4. 11. A government administered license that grants the rights to an idea or item
  5. 13. Business that seeks to make profits form its operations
  6. 14. Businesses trying to maintain and increase their number of customers
  7. 15. Business competition involving factors other than price, such as quality.
  8. 16. Process of achieving company goals through effective resource use and planning
  9. 17. A word, name, symbol, sound, or color that much like a patent can only be used by the owner
  10. 19. Customers willingness to purchase goods or services
  11. 20. Business that sells its products internationally
  12. 22. A business that only sells products in its own country
  13. 24. Business ownership by ordinary people, not the government
  14. 26. Process of creating, growing, manufacturing, or improving products
Down
  1. 1. Amount of goods producers are willing to make/sell
  2. 2. Focus on the sale price of a product, finding the most appealing price for customers while making profit
  3. 3. Operates as a business that uses profit for a specific cause
  4. 5. Government financed agencies
  5. 6. Group of establishments who deal with relatively similar products or services
  6. 8. Involves anything authored by an individual
  7. 10. Not associated with the government
  8. 12. Keeps track of a company's financial situation
  9. 18. Buy goods from wholesalers or manufacturers to resell to consumers
  10. 21. Potential for loss or failure for a business
  11. 23. Function of business that involves money management
  12. 25. Money earned from conducting business after all costs and expenses have been paid