Principles Unit 2 Review

123456789101112131415161718192021222324252627282930
Across
  1. 1. business offerings that cannot be seen, touched, or stored and are consumed at delivery
  2. 7. (2 words) a business that is owned and run by one person
  3. 10. corporations who sell shares on the stockmarket are called this
  4. 12. businesses that produce finished goods using raw materials and different production methods, turning raw and synthetic materials into everyday products
  5. 14. corporations are called then when its owners are made up of a small group who retain more control over operations
  6. 17. businesses that purchase goods in large quantities from manufacturers or importers and sell them in smaller quantities to retailers or other businesses but not directly to consumers
  7. 19. partners who are involved in running and operating the business
  8. 20. something that sets a company apart from similar businesses by appealing to consumers who care deeply about the environment and/or social issues
  9. 23. (2 words) focuses on purchasing products that are ethically sourced and produced
  10. 26. a business structure in which 2 or more people share ownership
  11. 27. a licensed business that allows independent business owner(s)to access an established business’s proprietary knowledge, processes, and trademarks
  12. 29. businesses that move goods from producers to wholesalers and retailers but don’t sell directly to consumers, often providing additional services such as marketing and promotion
  13. 30. businesses or individuals that send goods out to international markets
Down
  1. 2. businesses or individuals that bring goods into a country to sell them in local markets
  2. 3. a business or organization owned and operated for the benefit of those using its services
  3. 4. partners who share in profits and losses but are not involved in running the business
  4. 5. developing new businesses and improving existing ones to create new products and market opportunities
  5. 6. this type of business buys products from manufacturers and then sell them to consumers. There are two types: wholesale and retail.
  6. 8. this factor of production involves the work people do to produce goods and offer services
  7. 9. business type that combine elements of service, merchandising, and sometimes manufacturing
  8. 11. this factor of production involves the tools, machinery, and facilities used to produce goods and services
  9. 13. responsibility for a company’s debts and legal issues
  10. 15. (2 words) unprocessed or minimally processed materials needed for manufacturing
  11. 16. a legal entity that is separate from its owners
  12. 18. physical items, such as clothing, electronics, food, and automobiles that businesses produce and consumers purchase
  13. 21. an organization that is formed for purposes other than making a profit
  14. 22. businesses that sell goods directly to the end consumer for personal use, often the final step in the supply chain before customers make a purchase
  15. 24. a hybrid ownership structure that offers the limited liability of a corporation but the flexibility of a partnership
  16. 25. businesses or individuals that provide the parts used to create the final product
  17. 28. (2 words) a network of businesses that transforms raw materials into finished products and delivers them to customers