BM unit 3 & 4

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Across
  1. 5. a waste minimisation strategy that aims to decrease the amount of resources, labour, or time discarded during production
  2. 10. s the extent to which a business achieves its stated objectives
  3. 12. involves an independent third party hearing arguments from both parties and making a legally binding decision
  4. 17. the willingness of an individual to expend energy and effort in completing a task
  5. 18. involves an employee no longer working for a business because there is insufficient work or their job no longer exists
  6. 23. involves an individual deciding to leave the workforce permanently as they no longer wish to work.
  7. 25. revenue - expenses
  8. 26. involves transferring specific business activities to an external business in an overseas country. Global _______
  9. 27. the skill of motivating others in order to achieve business objectives
Down
  1. 1. involves ensuring a change is sustained within a business for the long term
  2. 2. owned and operated by one individual. Sole ______.
  3. 3. s the process of scoring and attributing a value to the driving and restraining forces.
  4. 4. involves managers providing employees with assistance as they move from current to new practices ____ as a low-risk strategy.
  5. 6. legal documents that outline the minimum wages and conditions of work for employees across an entire industry
  6. 7. a materials planning tool that predicts customer demand for an upcoming period using past data and market trends.
  7. 8. _______ management style involves a manager seeking input from employees on business decisions but making the final decision
  8. 9. a lean management strategy that involves synchronising the steps of a business operations system to meet customer demand
  9. 11. is the process of altering and improving or creating new products or procedures.
  10. 13. Drive to _______ is the desire to protect personal security as well as the values of the business
  11. 14. is the process of determining a business’s objectives and establishing strategies to achieve these aims.
  12. 15. are individuals, groups, or organisations who have a vested interest in the performance and activities of a business
  13. 16. organisations composed of individuals who represent and speak on behalf of employees in a particular industry
  14. 19. are the goals a business intends to achieve
  15. 20. are the final goods or services produced as a result of a business’s operations system, that are delivered or provided
  16. 21. the shared values and beliefs a business aims to achieve, often in a written format. ______ corporate culture.
  17. 22. a good or service’s ability to satisfy a customer’s need.
  18. 24. how productively a business uses its resources when producing a good or service.