Across
- 5. is an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit or non-profit and exist to provide goods or services.
- 7. is the arena in which buyers and sellers interact to exchange goods and services. Understanding market dynamics is critical for entrepreneurs to identify opportunities and compete effectively.
- 8. refers to the process of introducing new ideas, products, or methods. It is a key driver of growth and progress in business, allowing companies to stay competitive by meeting changing market demands.
- 10. is the potential for loss or failure in business operations. Entrepreneurs often take calculated risks to achieve higher returns, despite the uncertainty involved.
- 12. is a favorable set of circumstances that allows a business to achieve its objectives. Entrepreneurs actively seek opportunities that align with their skills and market needs.
- 13. is an intangible offering provided to customers, often involving a distinct form of labor or expertise. Services can complement products or stand alone as the main offering of a business.
- 17. a presentation where an entrepreneur communicates the value proposition of their business or idea to potential investors, partners, or customers.
- 19. the ability to guide, inspire, and influence others toward achieving a common goal. Effective leadership is crucial for the success and growth of any business.
- 20. is the act of providing financial resources to support a business or project. This can come from various sources, including investors, loans, grants, or personal savings.
Down
- 1. involves allocating resources, usually money, into a business or project with the expectation of generating profit or achieving growth in the future.
- 2. occurs when a business's expenses surpass its revenues, leading to a negative financial outcome. Managing and minimizing losses is vital for business sustainability.
- 3. in a business context refers to the increase in size, revenue, market share, or value of a company. It is a primary goal for most entrepreneurs and can be achieved through various means such as expansion, innovation, or increased sales.
- 4. is a business enterprise or project that involves some degree of risk. It commonly refers to startups or new business initiatives that have the potential for substantial growth.
- 6. in entrepreneurship refers to a group of interconnected individuals or organizations that share information, resources, and support. Building a strong network is vital for business development and opportunities.
- 9. is an item or service created to satisfy the needs or wants of consumers. In business, developing a compelling product is crucial for attracting customers and generating sales.
- 11. is a newly established business, often characterized by its focus on innovation and scalability. Startups aim to develop a unique product or service and frequently operate with limited resources.
- 14. involves the ability to generate new and original ideas, solutions, or products. It is essential for problem-solving and innovation in business.
- 15. refers to a plan of action designed to achieve long-term or overall objectives. In business, it involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions.
- 16. a forward-looking statement that defines what a business aims to achieve in the future. It provides direction and inspiration for the company’s strategic planning and decision-making.
- 18. the financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes. It is a key indicator of a company's financial health and success.