Unit 3 Vocabulary (ch8 and ch9)

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Across
  1. 2. process of negotiating between union and management representatives over pay, benefits, and job-related matters
  2. 3. combination of firms involved in different steps of manufacturing, marketing, or sales
  3. 6. combination of firms producing the same kind of product
  4. 7. report showing a business's sales, expenses, and profits for a certain period, usually three months or a year
  5. 9. written government approval to establish a corporation; includes company name, address, purpose of business, number of shares of stock, and other features of the business
  6. 10. organization that works for its members' interests concerning pay, working hours, health coverage, fringe benefits, and other job-related matters
Down
  1. 1. lowest legal wage that can be paid to most workers
  2. 4. firm with four or more businesses making unrelated products, with no single business responsible for a majority of its sales
  3. 5. combination of two or more business enterprises to form a single firm
  4. 8. total amount of new funds the business generates from operations; broadest measure of profits for a firm because it includes both net income and noncash charges