Introduction to Business Key Terms

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Across
  1. 4. Items businesses sell that can be physically weighed or measured, such as iPods and CDs.
  2. 6. A business owned by two or more people.
  3. 10. A company that does business and has business facilities in many countries, such as Coca Cola. (Hint: ___________ corporation)
  4. 11. The process of developing, installing, and implementing computer information systems and applications. IT includes the support and maintenance of computer hardware and software. (Hint: ___________ Technology)
  5. 14. The process of creating, promoting, and presenting a product to the consumers.
  6. 15. The process of recording and reporting the financial data for a business.
  7. 17. A person's incentive to work to gain something for himself or herself (that is to make money). (Hint: Profit _______)
  8. 18. The activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.
  9. 20. Items necessary for existence, such as clothing, food, and shelter.
Down
  1. 1. Contest between businesses to win customers' business and loyalty
  2. 2. A business owned by only one person. (hint: Sole ________)
  3. 3. A business considered separate from the owners of the business by law. The owners are the stockholders.
  4. 5. Tasks that businesses perform or provide for customers, such as haircuts and car washes.
  5. 7. Money that remains after a business has paid for the expenses of running the business. Income > Expenses
  6. 8. The activities that deal with the hiring, firing, training and other personnel (employee) issues. (Hint: ________ Resources)
  7. 9. The process of leading and directing all or part of an organization
  8. 12. A contract between a parent company and a franchisee to use the name and sell the goods or services of the parent company, such as KFC.
  9. 13. A business whose goal is to provide a service rather than to make a profit, such as the American Red Cross. (Hint: __-_______ organization)
  10. 16. A person who uses goods or services. Many times the consumer is also the customer (purchaser).
  11. 19. Items that would be nice to have, but are not necessary.