Across
- 2. Is a business that makes finished products our of processed goods
- 4. An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.
- 8. Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
- 10. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
- 11. A privilege granted to make or market a good or service under a patented process or trademarked name.
- 12. buy or sell a stock at the market price once the stock has traded at or through a specified price
- 13. Simplest, oldest, and most common form of business ownership in which only one individual acquires all the benefits and risks of running an enterprise.
- 14. The process of creating, expanding, manufacturing, or improving goods and services
- 15. The "laws" or "regulations that govern or constrain operations
- 20. Changes raw materials into more finished products
- 21. A type of license that a party (franchisee) acquires to allow them to have access to a business's (the franchiser) proprietary knowledge, processes and trademarks in order to allow the party to sell a product or provide a service under the business's name.
- 26. A type of organization that focuses on providing services, but not to make profit.
- 27. A business that gathers raw goods
- 30. Sells goods made from raw materials, ex: automobiles, clothing, and soft drinks
- 31. buying or selling when the stock reaches a certain price
- 32. Purchases goods from a wholesaler and sells them to consumers, the final buyers of the goods
- 33. Distributes goods
- 34. The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Down
- 1. A combination of management and analytic processes that allows managers of an organization to achieve pre-determined goals
- 3. Is an organization that is owned and operated by its members.
- 5. A set of activities and tasks that, once completed, will accomplish an organizational goal
- 6. Is usually expressed as a percentage and is typically used for personal financial decisions, to compare a company's profitability or to compare the efficiency of different investments.
- 7. Describes "how to" or step-by-step instructions that implement the process
- 9. Means the owner is responsible for the company's debt.
- 15. A pattern or example.
- 16. Relatively permanent and foundational capital investment of a country, firm, or project that underlies and makes possible all its economic activity.
- 17. Sells products to customers. Ex: grocery stores, sporting good stores.
- 18. generally fixed, like debt; based on the par value
- 19. A type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement.
- 22. The "operational definitions" or "acceptance criteria" for products
- 23. The process of selling consumer goods or services to consumers through multiple channels of distribution to earn a profit.
- 24. A legal entity that is separate and distinct from its owners
- 25. buying or selling at the markets current price
- 28. Holds a firm's owners responsible for no more than the capital that they have invested in it.
- 29. A collection of linked tasks which find their end in the delivery of a service or product to a client.