1.1 Types of business entities

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Across
  1. 2. They are risk takers who exploit business opportunities in return for profits.
  2. 6. The people or organisations that actually use a product.
  3. 7. Physical products produced and sold to customers, such as laptops, books, contact lenses, perfumes and children's toys.
  4. 9. The __________ sector refers to businesses involved in the cultivation or extraction of natural resources, such as farming, mining, quarrying, fishing, oil exploration and forestry.
  5. 11. Organisations involved in the production of goods and/or the provision of services.
  6. 12. The __________ sector refers to businesses involved with the provision of services to customers.
  7. 13. The basic necessities that a person must have to survive, including food, water, warmth, shelter and clothing.
Down
  1. 1. The ___________ sector refers to business concerned with the construction and manufacturing of products.
  2. 3. The process of creating goods and/or services, adding value in the process.
  3. 4. The people or organisations that buy the product.
  4. 5. The ___________ sector is a sub-category of the tertiary sector where businesses are involved in intellectual and knowledge based activities that generate and share information, such as research organizations.
  5. 8. Are peoples desires, things that they would like to have, ie. clothes, smartphones, overseas holidays and jewellery.
  6. 10. Are the intangible products sold to customers, such as the _________ provided by airlines, restaurants, cinemas, banks, health and beauty spas, schools and hospitals.