Unit 2 Cross Vocab

2. is the process of creating, expanding, manufacturing, or improving goods and services
4. a business owned by two or more people who share its risks and rewards
9. distributes goods
11. an organization that is owned and operated
12. an independently owned business that usually has the owner as its manager
17. means the owner is responsible for the company’s debts
19. a company that is registered by a state and operates apart from its owners
21. the buying and reselling of goods that have already been produced
22. the process of achieving company goals by planning, organizing, leading, controlling, and evaluating the effective use of resources.
24. a written description of a new business venture that describes all aspects of the business
25. changes raw materials into more ﬁnished products
26. a business that moves goods from one

1. companies such as McDonald's, Subway, or Taco Bell are
3. to another.
5. holds a ﬁrm’s owners responsible for no more than the capital that they have invested in it
6. purchases goods from a wholesaler and sells them to consumers
7. the process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.
8. involves maintaining and checking records, handling bills, and preparing ﬁnancial reports for a business
10. a business that makes ﬁnished products out of processed goods
13. its members
14. another name for a nonprofit organization
15. a statement that establishes the scope and purpose of a company and reﬂects its values and beliefs
16. is the business or art of money management
18. a business that gathers raw goods.
20. proprietorship a business owned by one person
23. expresses the speciﬁc aspirations of a company