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Business Essentials Vocab Review

Name:_________________________
Hour:____________________________
Across
Any paid form of communication through mass media directed at identified consumers to provide information and influence their actions
Activities provided for the satisfaction of others that are consumed at the same time they are produced
A business owned and run by just one person
Any form of communication used to inform, persuade, or remind
Things that are required in order to live
The private ownership of economic resources by individuals rather than by the government. USA
An economy in which resources are owned and controlled by the government
Person who buys and uses goods and services
Written contract granting permission to operate a business to sell products and services in a set way
Things you can see and touch
The process of starting, organizing, managing, and assuming the responsibility for a business
An economy in which the resources are owned and controlled by the people of the country
The difference between assets and liabilities
The quantity of a good or service that businesses are willing and able to provide
A business owned by two or more people
Ownership in a corporation
Down
The method a country uses to answer the three economic questions
Goods and services sold to other countries
The total value of all finals goods and services produced in a country during one year
Economy that combines elements of the command and market economies
Phase in the business cycle in which unemployment begins to decrease, demands for goods and services increase....
The quantity of a good or services that consumers are willing and able to buy
What a person owns
The peak of the business cycle
It is owned by one or more shareholders. (Stocks and Bonds)
Someone who takes a risk in starting a business
The activity, set of institutions, and process for creating, communicating, delivering and exchanging offerings that have value
The phase of the business cycle in which demand begins to decrease, businesses lower production....
An economy in which goods and services are produced the way they have always been produced
What you owe
Things that add comfort and pleasure to your life
Goods and services bought from other countries
Money customer must pay for a product or service