Unit 1 Review

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Across
  1. 2. something you must have to survive
  2. 5. One or more owners. ‘Shares’ in the company are sold and shareholders share ownership and responsibility in running the business.
  3. 7. 1 owner. Simple to start, but owner bears all responsibility and is personally liable for any business losses.
  4. 8. using the internet, social media and connectivity of everything to sell your product, promote your business or otherwise connect with your customers
  5. 10. More than 1 owner. Fairly simple - created by a partnership agreement that defines expectations
  6. 11. motivations, hobbies, beliefs)
  7. 13. The person using your good or service
Down
  1. 1. intangible and you often cannot ‘see’ it
  2. 3. a person who creates a venture or new business based on an opportunity they see.
  3. 4. makes life easier, but isn’t a necessity
  4. 6. businesses selling the exact same product or near substitutes
  5. 9. age, gender, education) and what they are interested in
  6. 12. a physical product that you can hold and see