Introduction to Business Chapter 5 Vocabulary

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Across
  1. 3. Formal documents that state the goals of businesses as well as the plan for reaching those goals.
  2. 5. Independently owned and operated businesses that are not dominate in their field of operation
  3. 8. Create businesses that operate solely on the internet
  4. 9. Start their own businesses but are satisfied with keeping their businesses small in an effort to achieve a balanced lifestyle
  5. 10. Research and analyze a business to uncover any hidden problems associated with it
  6. 12. Group of individuals who offer guidance to the new business owner
  7. 14. Build and develop ventures with in a company that are designed to identify and solve large-scale social problems.
  8. 17. Strive to create fast-growing businesses and look forward to expansion
  9. 18. Set out to create innovated solutions in the social sector; they are entrepreneurs with a social mission
  10. 20. Financial rewards offered by federal and state governments and some private organizations
  11. 21. Groups of qualified individuals with a varied experiences and skills that come together to form a new venture.
  12. 22. Distribution system where a franchiser sells approved method of doing business to an investor in exchange for a fee and percentage of sales or profit.
  13. 23. Entrepreneurs who run their businesses out of their homes
  14. 24. Contribute money to a business in return for some form of equity – a piece of ownership
Down
  1. 1. Look for more than profit potential when they begin their businesses
  2. 2. Entrepreneurs start a business with little capital
  3. 4. Independent third-party operators of a franchise
  4. 6. Type of entrepreneur who continuously launches and grow and many businesses
  5. 7. Wealthy individuals who are willing to put up their own money in hopes of a profit return later on
  6. 11. Intangible asset represented by a business’s name, customer service, employee morale, and other factors
  7. 13. Need in the market that is not being adequately fulfilled
  8. 15. Geographic areas targeted for economic revitalizing
  9. 16. Businesses that sell their product or service and its method of doing business to independent third-party operators
  10. 19. Assume the risk of creating, organizing and operating a business and direct all of the business’s resources