Across
- 2. limited resources with unlimited wants
- 6. Limited Liability Company, a common business format
- 8. proprietorship business owned and run by one person
- 11. a place or system where goods and services are exchanged
- 12. natural resources used to produce
- 13. tools, machinery, and buildings used in production
- 15. the initiative and risk taking people who start and manage a business
- 18. the nest best alternative forgone when making a decision
- 22. inputs used to produce goods and services
- 24. an organization focused on mission rather than profit
- 25. human effort in production
- 26. apple cofounder "failure leads to success"
- 28. building relationships to support business growth
Down
- 1. required government payments by businesses and individuals
- 3. rivalry among businesses for customers
- 4. consumer willingness to purchase goods/services
- 5. the possibility of loss an entrepreneur must accept
- 7. legal responsibility for debts or actions
- 9. official permission to operate a business
- 10. rules governing business operations
- 14. a business that licenses the right to sell another company's products
- 16. entrepreneur known for Tesla and space X
- 17. the quantity of goods or services available
- 19. the quality of not giving up despite challenges
- 20. the financial gain after expenses are subtracted from revenue
- 21. a legal entity, separate from its owners
- 23. introducing new ideas, products, or methods
- 27. a clear future goal or idea for a business