Lose, Win, or Draw

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Across
  1. 5. The rivalry between two or more businesses to attract scarce customer dollars
  2. 6. A guarantee that protects a business when another person or business fails to fulfill the terms of a contract between them
  3. 8. Income
  4. 10. An economic system in which individuals and groups, rather than the government, own or control the means of production—the human and natural resources and capital goods used to produce goods and services; also known as private enterprise
  5. 11. by the other company (insured) in return for installment payments (premium)
  6. 13. A risk that may result in loss, no change, or gain
  7. 16. Financial risks that a business cannot control, such as inflation and interest rate fluctuations
  8. 18. Possible events and situations that can affect the execution of an organization’s long-term plans
  9. 19. Anyone who owns stock in a corporation; also known as a stockholder
  10. 21. Possible events or situations that are the result of employee actions, core processes, and daily business activities
  11. 23. Agreement between two or more businesses or individuals stating that one party is to do something in return for something provided by the other party
  12. 24. The physical and social characteristics of a population
  13. 25. Potential events or situations that can cause injury or harm to people, property, or the environment
  14. 26. A business owned by one person who receives all the profits from the business and takes all the risk
Down
  1. 1. Becoming outdated due to the introduction of new products, processes, and/or technology
  2. 2. A promise made to the consumer that a product’s purchase price will be refunded if the product is not satisfactory; often called a money-back guarantee
  3. 3. The quantity of a good or service that buyers are ready to buy at a given price at a particular time
  4. 4. Financial risks that are controlled by the business, such as poor budgeting, inaccurate financial data, and inadequate accounting processes
  5. 7. A form of business ownership in which the business is owned by two or more persons
  6. 9. The possibility of loss (failure) or gain (success) inherent in conducting business
  7. 12. A contractual agreement that provides compensation for losses that a person or business is responsible for
  8. 14. Possible events and situations that directly impact a company’s cash flow
  9. 15. A risk that carries the possibility of loss or no loss
  10. 17. The reward or benefit received in return for an investment
  11. 20. A promise made by the seller to the consumer that the seller will repair or replace a product that does not perform as expected
  12. 22. A contractual agreement in which one company (insurer) will pay for specified losses
  13. 23. A form of business ownership that is owned by stockholders who have purchased units or shares of the company