Let's Talk Business Vocabulary

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Across
  1. 4. pyramid expressing the needs of people in levels: basic needs, safety,
  2. 7. businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
  3. 8. process of effectively working together in group settings
  4. 10. materials derived from natural resources
  5. 13. department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
  6. 14. financial statement which reports net income or net loss of a company
  7. 16. businesses which provide services to consumers and other businesses
  8. 18. department responsible for producing goods and services in the most efficient and cost-effective manner
  9. 20. department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
  10. 22. Assets = Liabilities + Owner’s Equity
  11. 23. love, esteem and self-actualization
  12. 24. financial statement which reports totals in asset, liability and owner’s equity accounts
Down
  1. 1. four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion and place
  2. 2. businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit
  3. 3. department responsible for distributing goods and services in the most efficient and cost-effective manner
  4. 5. debts or obligations of a business
  5. 6. department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
  6. 9. businesses which develop products for distribution from raw goods
  7. 11. items of value owned by a business
  8. 12. businesses which change raw goods into a more finished form, known as processed goods
  9. 15. process of recording, classifying, summarizing and reporting the financial position of a business
  10. 17. businesses which change raw or processed goods into finished goods
  11. 19. marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
  12. 21. process of reaching a company’s goals and objectives by utilizing its resources; department responsible for the management process