1.1.1 and 1.1.2 Dynamic Nature of Business and Risk & Reward

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Across
  1. 4. a business may fail due to a lack of _________
  2. 5. leaving your current employment to start a business could result in an entrepreneur suffering a _____ of _____
  3. 8. rather than create a new product sometimes entrepreneurs find it easier to ______ existing products
  4. 10. if a business does not succeed an entrepreneur will more than likely, suffer F______L_____
  5. 11. new business ideas come about because of changes in t_________
  6. 13. sole traders have this ___________ ___________
  7. 14. new business ideas come about due to changes in what consumers ________
  8. 15. goods are this, services are not.
  9. 17. Taylor Swift has brought this once supposedly obsolete product back in to fashion
  10. 18. entrepreneurs take these sort of risks
Down
  1. 1. one of the ways through which business ideas come about is by entrepreneurs having these (O____I_____)
  2. 2. starting a business that is a passion project can give an entrepreneur a lot of ________ _____________
  3. 3. USP
  4. 6. poor management of this can result in insolvency [C____-_____]
  5. 7. having the ability to make your own decisions and work the hours you want cvan give an entrepreneur a lot of this
  6. 9. sometimes an entrepreneur just wants to make a lot of this
  7. 12. owners of limited liability companies are not personally responsible for a business's ________
  8. 16. a business that cannot cover its costs will suffer from this (B________F______)