- 6. being legally responsible for or owing something, such as a debt to a lender.
- 8. factors that impact a business in which there is scope for growth or development of the company in the future.
- 13. A single person who is the exclusive owner of a business. They are entitled to keep all profits, but are liable for all losses.
- 15. Industry such as mining and agriculture, concerned with obtaining and providing natural raw materials.
- 20. The process of setting up a company as a legal entity.
- 21. An amount of money lost by a business when expenses are higher than the amount of sales income.
- 22. industry involved in providing information to consumers and other businesses through research and technological advancements.
- 1. industry concerned with providing services to consumers, such as plumbing or hairdressing.
- 2. industry involved in working closely with governments to make economic and social decisions.
- 3. An organization set up to provide help to and raise money for those in need.
- 4. company a company whose shares are traded freely on the sharemarket.
- 5. a company owned by between 1 and 50 ‘shareholders’. Shares can’t be purchased by the public.
- 7. industry concerned with turning raw materials and resources into final products for consumers.
- 9. a non-government organization.
- 10. Money earnt / left over after all expenses have been paid for.
- 11. the legal framework by which a business is set up.
- 12. An organization carrying out commercial operations.
- 14. A single person with an idea for a product or business who takes on the risk of setting up a business with a goal of making profit.
- 16. legal rules or directives that companies must follow in their operations.
- 17. a document showing the assets, liabilities and amount held in shares equities of a business.
- 18. analysis examining the strengths, weaknesses, opportunities and threats for a business.
- 19. a business structure whereby 2 to 20 owners share profit and responsibility for losses for the business.