Entrepreneurship Unit Test Review

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Across
  1. 1. The total income generated by a business from its sales of goods or services before deducting expenses.
  2. 3. The activities, strategies, and processes used to promote, sell, and distribute a product or service to consumers.
  3. 7. A legal process where an individual or business declares they cannot pay their debts, leading to the restructuring or liquidation of assets to pay creditors.
  4. 10. A business owned and operated by a group of individuals for their mutual benefit, often sharing profits and decision-making responsibilities.
  5. 11. A business model in which an individual or company (franchisee) is granted the rights to operate a business using another company’s brand, products, and business model.
  6. 12. The sale of goods or services directly to consumers, typically through stores, online platforms, or other direct channels.
  7. 14. The process of two or more companies combining into one entity to enhance efficiency, market share, or profitability.
  8. 15. The company that owns the brand and business model, granting franchisees the right to operate under its name and guidelines.
  9. 17. The individual or business that purchases the rights to operate a franchise and follows the franchisor’s business model.
  10. 18. The group of consumers or businesses that buy or sell goods and services within a specific industry or region.
  11. 19. The allocation of money or resources into a business, asset, or project with the expectation of generating a return or profit.
  12. 20. The process of closing a business by selling its assets to pay off debts.
Down
  1. 2. The process of starting, organizing, managing, and assuming the responsibility for a business venture.
  2. 4. The sale of goods in large quantities to retailers or businesses rather than directly to consumers.
  3. 5. An individual who starts and operates a business, taking on financial risk in the hope of making a profit.
  4. 6. A name, term, design, symbol, or other feature that distinguishes a business or product from its competitors in the market.
  5. 7. Plan – A detailed document outlining the goals, strategies, financial projections, and operational plans for a business.
  6. 8. The act of using someone else's work, ideas, or content without proper attribution or permission, often considered unethical or illegal.
  7. 9. is Money borrowed by a business or individual that must be repaid, often with interest.
  8. 13. A business structure where two or more individuals share ownership, responsibilities, profits, and liabilities.
  9. 16. The financial gain a business makes after subtracting expenses from revenue.