A-Level Business: Unit 1 key terms revision

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Across
  1. 2. An organisation that provides help and support without aiming for profit.
  2. 4. The amount of a product producers are willing to provide at a given price.
  3. 6. A measurable target set to help achieve a business’s aims.
  4. 10. The financial reward when revenue exceeds costs.
  5. 12. A person who takes the risk of starting and running a business.
  6. 14. The level of financial responsibility an owner has for debts.
  7. 16. The total income received from selling goods or services.
  8. 17. Rivalry between businesses offering similar products or services.
  9. 18. Physical items produced and sold by a business.
  10. 19. The long-term intention or direction of a business.
  11. 22. The quantity of a product consumers are willing to buy at a given price.
  12. 23. Someone who owns part of a limited company.
  13. 24. Non-physical activities provided to satisfy customer needs.
  14. 25. A part of the economy grouped by type of business activity.
Down
  1. 1. The system by which a country organises production and trade.
  2. 3. A good or service created to meet customer needs.
  3. 4. The ability of a business to continue trading over time.
  4. 5. The human effort and skills used in production.
  5. 7. The money a business spends to operate and produce output.shareholder Someone who owns part of a company through shares.
  6. 8. The money invested to start and grow a business.
  7. 9. A statement describing a business’s overall purpose and values.
  8. 11. The environment where buyers and sellers exchange goods or services.
  9. 13. The initiative and drive shown when starting a new business.
  10. 15. A name or symbol that distinguishes one business’s products from another’s.
  11. 18. The process of expanding the scale or scope of a business.
  12. 20. The legal right of control over a business.
  13. 21. The introduction of new ideas, products, or methods.