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Jessica Bressler - Unit 1

Jessica Bressler

Unit 1 vocabulary

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Across
6.things that add comfort and pleasure to your life
9.risk of an essential business person being lost
11.business acquiring goods and services to accomplish its goals
12.a business distinguishes its products through its own craftsmanship
15.the amount of a material that is not estimated by spatial measurement
17.direct cost of producing goods
18.a stock of a resource from which a person or place can be provided the necessary amount of the resource
19.keeping other factors constant, an increase in price results in an increase in quantity
20.a person who receives benefits
25.people who make up the workforce at an organization, business sector of the economy
26.companies competing in the same market while offering different products
28.pledge that product will be satisfactory
29.water, land, air, materials produced by the Earth
30.how much the government is involved
34.a gift of personal property owned by decedent at the time of death
35.rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume
36.chance of macroeconomic issues affecting an investment
37.consumers desire and willingness to pay a price for a specific good or service
38.to suppose; to believe something to be true
39.a person who is authorized to perform business-related transaction of behalf of someone
Down
1.not having enough resources to satisfy every need
2.system where the government controls production and price of goods
3.inputs that are used in the production of goods or services in order to make an economic profit
4.when you give up something to have something else
5.low level assertiveness of one's own interests and low level cooperation with the other party
7.the possibility of a company will have lower than anticipated profits
8.companies competing in the same market
10.society in which all property is publicly owned and everyone is paid the same
11.first official offer issued by a buyer to a seller
13.one company dominates a market
14.the goods and resources available to individuals and businesses used to produce valuable consumer products
16.formal process of buying goods and services
21.things that are required in order to live
22.activities that are consumed at the same time they are produced
23.determines the frequency that products are purchased
24.goods used in producing other goods, rather than brought by consumers
27.loss of supply via natural disaster
31.money spent by a business
32.money received by a company or person for providing good/services
33.things that you can see and touch

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