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Module One Study Guide

Across
Contractual agreement between the parent company (franchisor) and the franchisee (business operator)
a system of recording and reporting financial activity and transactions.
OWNED BY MANY PEOPLE (STOCKHOLDERS),
considered the “back office”
The use of technology to share knowledge
Manages the personnel relations within a company
Owned by two or more people.
Sell goods to consumers and other businesses
Business provide services rather than goods
Down
Needs are things that are _______ for survival
Owned by one person
Desire to make money
Businesses whose motive is making a profit
overall job is to make sure that the organization meets its goals and obligations
satisfying the needs and wants of consumers through exchange.
Focus on providing a service instead of making a profit
Hairdresser is an example of this
Businesses fulfill the _____ and wants of the consumers