Business

3. A long-term goal the business wants to achieve
5. Within a large corporation who takes direct responsibility for turning an idea into a profitable finished product.
7. A group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically.
10. When a business cannot meet its short-term debts.
11. Producing a limited number of identical products.
12. A business that uses the name, logo, and trading systems of an existing successful business.
14. When revenue equals total costs and the business is making neither profit nor loss.
16. The income received from the sale of a product.

1. Agreement between firms in which each agrees to commit resources to achieve an agreed set of objectives.
2. A written document, describes a business's objectives and strategies, the market it is in, and its financial forecast.
4. Deliberately undercutting competitors' prices in order to try to force them out of the market.
6. When a firm ceases trading and its assets are sold for cash
8. Two or more businesses agree to work closely together on a particular project and create a separate business division to do so.
9. using barriers to free trade, such as tariffs and quotas, to protect a country's own domestic industries.
13. When a company buys over 50% of the shares of another company and becomes the controlling owner----often referred to as "acquisition".
15. An agreement by shareholders and managers of two businesses to bring both firms together under a common board of directors with shareholders in both businesses owning shares in the newly merged business.