Across
- 2. Identifying, understanding and predicting circumstances or events that might have negative consequences, and taking proactive measures to avoid these risks and effectively combat them if/when they occur.
- 10. When products or services are not the same, but they could satisfy the same need, i.e. bicycles are indirect competition to automobiles.
- 11. An organizational structure that shows who each person reports to.
- 15. A market where one company controls the supply of a good or service, where other options for consumers aren't readily available, and where the barriers to entry for other companies are highly restrictive.
- 16. A business model used by companies who provide their services for free, and sell advertising space to fund their businesses.
- 18. The liability that extends beyond an individual’s financial investment in a company.
- 19. A route or plan of action designed to achieve certain goals and objectives.
- 20. Information that you collect directly from first-hand experience.
- 21. A for-profit or non-profit organization involved in commercial, industrial, or professional commerce.
- 24. A hybrid business structure, where it combines the operational characteristics of a sole proprietorship or partnership while limiting the liability of the investors to the amount they invested.
- 26. Refers to the people who work in an organization, and the group that staffs the organization, maintains personnel records, and administers benefits like medical insurance.
- 27. A business model that charges a regularly scheduled fee, usually monthly or annually, for their products or services.
Down
- 1. When companies offer essentially the same product or service, i.e. Coke and Pepsi, Ford and GM.
- 3. A corporation that meets specific Internal Revenue Code requirements and passes corporate income (or loss) through to its shareholders for federal tax purposes.
- 4. Crowdfunding collects small amounts of capital from a large number of individuals to finance a new business venture or various other needs or projects.
- 5. Refers to planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.
- 6. The making of products from raw materials and other inputs like labor, machinery, and tools.
- 7. The daily functioning of an organization, managing the inputs and outputs, and includes manufacturing, purchasing, and logistics.
- 8. A market where a small number of companies control the supply of a good or service, and where the barriers to entry for other companies are highly restrictive.
- 9. A business owned by one person, and where the owner has unlimited liability.
- 12. A business model provides low price points for the cost-sensitive consumer, also often called Low Cost Providers.
- 13. The protection of networks, devices, and data from unauthorized access or criminal use, and the practice of ensuring the confidentiality, integrity, and availability of information.
- 14. A legal entity that is separate from its owners and controlled by a board of directors; the entity has most of the same rights and responsibilities that individuals possess but offers limited liability.
- 17. A business model where a company offers some basic services for free, and then charges money for certain additional features.
- 22. A company's purpose; its reason for being; the problem it is solving.
- 23. An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.
- 25. A business owned by two or more people.