Across
- 3. records Organized summaries of a business’s financial information and activities.
- 5. An employee who is given funds and freedom to create a special unit or department within a company in order to develop a new product, process, or service.
- 8. and valuing Grouping goods according to size, quality, or other characteristics, and determining an appropriate price for products and services.
- 11. Business owned and managed by one person.
- 12. partnership Partnership with at least one general partner who has unlimited liability and at least one limited partner whose liability is limited to his or her investment.
- 14. processing The set of activities involved in obtaining, recording, organizing, and maintaining the financial information of an organization.
- 16. oriented Focused on what and how to produce.
Down
- 1. receivable record A record showing what each customer purchases, owes and pays.
- 2. chart Chart used to identify alternate market segments with unique needs based on major choice criteria.
- 4. financial liability When each partner is personally liable for all the debts incurred by the partnership.
- 6. is the process of accomplishing the goals of an organization through the effective use of people and other resources. Those resources include money, facilities, equipment, and materials. The primary work of all managers falls within five functions: planning, organizing, staffing, leading, and controlling.
- 7. (1) Providing information to consumers that will assist them in making a decision to purchase a product or service. (2) The advancement of an employee within a company to a position with more authority and responsibility.
- 9. Person who owns and manages a business and often performs the day-to-day tasks, with the help of hired employees.
- 10. salers Businesses that buy products from businesses and resell them to retailers or other businesses.
- 13. managers Managers responsible for coordinating marketing functions across departments to meet customer needs.
- 15. economic wants Desires for nonmaterial things that are not scarce.