Intro to Business Chapter 1

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Across
  1. 7. Defined by how many goods and services people can buy the money they have
  2. 12. Government agencies that Establish rules and regulations
  3. 13. Occurs when business expenses exceed revenues
  4. 15. Person who sees a new opportunity for a product or service and risks time and money to start a business with the goal of making profit
  5. 18. Groups whose members try to influence business and governments on specific issues
  6. 20. Includes not only digital tech but also all machines required to help get things done
  7. 21. Help sell good and services to costumers
  8. 23. Entrepreneurship, natural resources,capital, human resources, and knowledge
  9. 25. Amount of money a business makes after paying for all of its costs
  10. 26. allow the organization to create products, systems, or cultures that are not easily replicable.
  11. 27. Using the internet to facilitate every aspect of running a busines
  12. 28. Costs incurred in running the business, such as salaries and rents
  13. 29. Intangible products–things you cant touch–such as education, recreation, or health care
Down
  1. 1. Formed to make money, or profits, by selling goods or services
  2. 2. The buying and selling of products or services over computer networks
  3. 3. The arena of forces that encourage or discourage the development of business
  4. 4. Society general well-being as measured by standard of loving, health care, education opportunities freedom happiness and environmental health
  5. 5. Are tangible products–things you can tough–such as food, clothing, appliances, gasoline, and books
  6. 6. Any activity that seeks to make a profit by satisfying needs through selling goods or services generating revenue.
  7. 8. The total amount of money that the selling goods or services produced during a defined period of time
  8. 9. The exchange of goods or services for an agreed sum of money
  9. 10. Group of people who work together to accomplish a specific purpose
  10. 11. To earn enough profit to cover its expenses and further its goals
  11. 14. Person or organization that supplies raw materials, services, equipment, labor, energy and other products
  12. 16. Possibility that the owner or owners of a business may invest time and money in the enterprise and fail
  13. 17. the movement of the world economy toward becoming a more interdependent system.
  14. 19. Amount of output give the amount of input
  15. 22. people or organizations that are rivals for a company's customers or resources.
  16. 24. A company such as a public utility that is the only one in its industry has no particular incentive to improve service with its customers because it knows they have nowhere else to go.