Unit 5

6. is the potential for loss or failure
8. focuses on the sale price of a prouct
11. is exclusive control over a product or the means of producing it
12. is a word, name, symbol, sound or color that identifies a good or service
13. in the organizational market is based on or derved from the demand for sonsumer goods and services
17. involves anything that is authored by an individual, such as writings, music, and artwork. It gives the author the exclusive right to repreoduce or sell the work
22. a business that sells its products only in its own country
23. is the process of achieving company goals by effective use of resources through planning organizing and controlling
24. buy goods from wholesalers or diretly from manufacturers and resell them to consumers
25. sells its products in more than one country
26. sector businesses not associated with government agencies

1. business choose to compete on the basis of factors that are not related to price, these factors include the quality of the products, service, financing, business location and reputation
2. obtain goods from manufacturers and resell them to organizational users, other wholesellers and retailers
3. the procaes of creating growing manufacturing or improving on goods and services
4. it gives you the right to own that item or idea alone
5. funcitons like a business but uses the money it makes to fund the cause identified in its charter
7. consists of a group of establishment primarily engaged in producitng or handling the same profuct or group of product
9. refers to consumer willingness and ability to buy profucts
10. seeks to make a profit from its operation
14. is the discipline that keeps track of a company's financial situation
15. is the amount of goods producers are willing to make and sell. The law of supply is the economic rule that price and quantity supplied move in the same direction
16. the free enterprise system encourages businesses to attract new customers and keep old ones. Other businesses try to take those same customers away
18. is the funtion of business that involves money management
19. is business ownership by ordinary people, not the government aka free enterprise
20. government finance agencies
21. is the money earned from conducting business after all costs and expenses have been paid