Across
- 1. the process of starting, organizing, managing, and assuming the responsibility for a business
- 3. the lending of money by a bank or similar financial institution
- 4. a written description of the business idea and how it will be carried out, including all major business activity
- 6. the amount of money needed to open a business; includes cost of building, equipment, inventory, supplies, license, etc.
- 9. money that a person, rather than a business, saves in a bank account or similar financial institution
- 13. the money needed to pay for the current operating activities of a business; is obtained for a period of less than a year and often for one or two months
- 15. the practical implementation of ideas that result in the the introduction of new goods or services
Down
- 2. the movement of humans, animals, or goods from one location to another
- 5. money needed for the main resources of a business(such as land, buildings, and equipment) that will last for many years; usually requires large amounts of money and will be paid over many years
- 7. an independent business with fewer than 500 employees
- 8. the production of goods through the use of labor, machinery, tools, and biological or chemical processes
- 10. a person or company that sells goods in large quantities at low prices, typically for retailers
- 11. someone who takes risk in starting a business to earn profit
- 12. capital invested in a project in which there is a substantial element of risk
- 14. a designed change that increases the usefulness of a product, service, or process
