Chapter 6 Vocabulary

Match it! Select the correct answer from the pull down...Good luck!

is a type of organization that focuses on providing a service, but does NOT make a profit.

Is an organization that is owned and operated by its members.

Is a business owned by two or more people who share its risks and its rewards.

The business or art of money management. Requires analyzing financial statements and making future decision.

Is the process of creating, expanding, manufacturing or improving goods and services.

Process of achieving company goals by planning, organizing, leading, controlling, and evaluating the effective use of resources.

Process of planning, pricing, promoting, selling, and distributing ideas, goods, and services.

Means that the owner is responsible for the company’s debts.