Across
- 5. company A hybrid business organization in which the business (not the owner) is liable for the company's debts
- 6. the customary code of polite behavior in society or among members of a particular profession or group.
- 8. Combination of two or more companies into a single firm
- 10. laws that control the way a business can operate
- 15. franchise a broad franchise agreement in which the franchisee pays for the right to use the name, trademark, and business and production methods of the franchisor
- 17. A business that distributes recognized goods and services through a legal agreement between two parties.
- 19. venture a strategic alliance that occurs when two or more businesses enter into a relationship by combining complementary resources such as technology, skills, capital, or distribution channels for the benefit of all parties
- 20. a business organization owned by two or more persons who agree on a specific division of responsibilities and profits
- 22. trade-name franchise A franchise arrangement based on an independent sales relationship between a franchisor and franchisee to stock and sell a specific line of goods; also known as dealership or exclusive distributorship
- 23. the act of acquiring many smaller companies
- 25. of directors the people, sometimes stockholders, who make decisions about the activities of a corporation
Down
- 1. A business owned by stockholders who share in its profits but are not personally responsible for its debts
- 2. treating facts without influence from personal feelings or prejudices
- 3. An indiviual who is responsible for planning, organizing, staffing, directing, and controlling the work of others in a systematic way
- 4. business owner An individual who assumes the risks and receives the personal and financial awards for the business but is not interested in expanding her/his company
- 7. someone who works inside an existing organization who sees an opportunity for a product or service and mobilizes the organization's resources to try to realize it
- 9. when a business adds a new product line or builds a new building
- 11. A person who organizes, manages, and takes on the risks of a business.
- 12. selling the right to use some process, trademark, patent, or other right for a fee or royalty
- 13. An improvement of an existing technological product, system, or method of doing something.
- 14. the process by which businesses or other organizations develop international influence or start operating on an international scale
- 16. Degree of uncertainty of return on an asset; in business, the likelihood of loss or reduced profit.
- 18. the principles of right and wrong that guide an individual in making decisions
- 21. proprietorship a business owned by one person who assumes all the profits and risks of the business
- 24. enterprise system an economic system in which individuals and groups, rather than the government, own or control the means of production