The Role of Business

3. Those activities undertaken by the business that combine the resources to create products that satisfy customers’ needs and wants.
9. The money a business receives as payment for its products.
12. Money received by a person for providing his or her labour, or a business from a return on its investments.
14. Someone who starts, operates and assumes the risk of a business venture in the hope of making a profit
15. An improvement on something already established.
16. Items that can be seen or touched
17. A fixed amount of money paid on a regular basis, usually fortnightly or monthly, to a permanent employee of a business
18. Part of a business’s profit that is divided among shareholders.
19. Money received by workers, usually on a weekly basis, for services they provide to an employer.
20. The possibility of loss

1. A good or service that can be bought or sold
2. The act of selecting among alternatives.
4. The development of something new
5. The organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals’ needs and wants.
6. _____ and development is a set of activities undertaken to improve existing products, create new products and improve production
7. What remains after all business expenses have been deducted from sales revenue.
8. People who are part owners of a company because they own a number of shares.
10. a _____ product is one that is ready for customers to buy and use.
11. Things done for you by others.
13. _____ expenses are all the costs of running the business except the cost of goods sold.