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Business Comm. Vocabulary

Across
department responsible for managing the use of company funds, obtaining needed funds and creating a financial plan
process of effectively working together in group settings
financial statement which reports net income or net loss of a company
process of recording, classifying, summarizing and reporting the financial position of a business
businesses which move finished goods from one business to another by buying, storing and reselling goods; often referred to as “middlemen”
businesses which provide goods and services to businesses and individuals, but operate on donations, volunteers and philanthropists rather than profit
businesses which provide services to consumers and other businesses
department responsible for maintaining the employment process, training and developing staff and following laws and proper procedures
Down
items of value owned by a business
marketing theory stating the stages experienced by products and services from their introduction to their decline; consists of four stages: introduction, growth, maturity, decline
process of reaching a company’s goals and objectives by utilizing its resources; department responsible for the management process
Assets = Liabilities + Owner’s Equity
department responsible for creating products which meet consumer wants and needs, guiding products through the product life cycle and understanding consumers through marketing research
four interrelated marketing strategies used to meet consumer needs; consist of product, price, promotion and place
department responsible for distributing goods and services in the most efficient and cost-effective manner
businesses which change raw goods into a more finished form, known as processed goods
department responsible for producing goods and services in the most efficient and cost-effective manner
financial statement which reports totals in asset, liability and owner’s equity accounts
materials derived from natural resources
debts or obligations of a business