Principles of Business Lesson 1

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Across
  1. 1. utility, when products are available at convenient places
  2. 3. utility, added when a business changes the form of a good or service to make it more useful
  3. 4. describes the characteristics of a product that satisfy wants and needs
  4. 6. something a person desires but can survive without
  5. 8. an individual or group who buys products
  6. 10. a term for all activities involved in developing and exchanging products
  7. 12. utility, when products are made available at times customers want or need them
  8. 14. anywhere buyers can purchase goods or services
Down
  1. 1. the difference between the income earned and the expenses incurred by a business during a specific period of time
  2. 2. anything that can be bought or sold
  3. 5. money earned in exchange for work
  4. 7. a physical item that can be touched
  5. 8. customers who purchase goods or services for their own use
  6. 9. an action or task that is performed
  7. 11. of living a level of material comfort measured by goods, services, and luxuries availiable
  8. 13. something a person must have in order to survive