Business

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Across
  1. 2. The element of the mix that involves deciding the channel of distribution and where the goods and services will be sold.
  2. 6. Developing products for a small segment of the market.
  3. 8. The effects of a business activities on unrelated parties
  4. 9. Termination of employment by the employer because the job is no longer needed
  5. 10. The reduction in average costs as a result of increasing the scale of operations.
  6. 13. The basic facilities, services and installations needed for a business to function, for example water, power, transport links
  7. 14. A tax applied to the value of imported and exported goods
  8. 17. Ensuring a good or service that meets the needs and requirements of its consumer
  9. 19. The level of output where revenue equals total costs, the business is making neither profit nor loss
  10. 24. A name, image or symbol that distinguishes a product from competitors' products
  11. 26. The value of all goods and services produced by a country ina year (initials)
  12. 27. The part of the economy that is owned and controlled by individuals and companies for profits
  13. 29. The factors that influence a person to increase their efforts
  14. 30. An organisation of employees aimed at improving pay and working conditions and providing other services, such as legal advice for members
  15. 32. The amount paid by the customer to the supplier when buying a good or service
  16. 37. A group of like-minded people that puts pressure on businesses and government to change policies to reach an objective
  17. 39. The difference between the values of export and import goods and services of a country over a year
  18. 42. If the business fails, owners and shareholders only lose what they have invested and not their personal assets
  19. 43. Production process that uses a high quantity of capital equipment compared with labour input
  20. 45. The resources needed to produce goods and services: land, capital, labour and enterprise
  21. 47. An organisation that has opertations in more than one country
Down
  1. 1. The receiver's response to a message
  2. 3. An accounting statement that records the assets, liabilities and owners' equity of a business at a particular date.
  3. 4. Laws that control the activity of a business
  4. 5. The process of collecting, recording and analysing data about the customers, competitors and market for a product.
  5. 7. Termination by the employer because the employee has broken company rules or is not performing work to the required standard
  6. 11. Type of external growth that brongs together two businesses which are in completely different industries
  7. 12. The benefit that could have been gained from an alternative use of the same resoruce
  8. 15. The stock of raw materials, work-in-progress and finished goods held by a business.
  9. 16. Passing responsibility to perform tasks to employees lower down in the organisation
  10. 18. A financial statement which records the revenue, costs and profits of a business for a given period of time
  11. 20. Four marketing decisions needed for the effective marketing of a product
  12. 21. Type of external growth that brings together two businesses in the same industry and sector
  13. 22. A statement of a specific target to be achieved and that should be SMART
  14. 23. A planto achieve the marketing objectives using a given level of resources
  15. 25. The production and supply of goods to consumers and involves the 3 sectors of economic activity.
  16. 28. The special feature of a product that sets it apart from competitors' products
  17. 31. An individual or group which has an interest
  18. 33. Marketing activities used to communicate with customers and potential customers to inform and persuade them to buy a business's product
  19. 34. The ability of a business to pay its short-term debts
  20. 35. A physical limit on the quantity of goods that can be imported or exported
  21. 36. A group of countries that trade with each other and are usually part of a free trade agreement
  22. 38. The goods and services produced to satisfy a customer need or want
  23. 40. All customers and consumers who are interested in buying a product and have the financial resources to do so
  24. 41. The number of levels in an organisational structure
  25. 44. The process of converting inputs such as land, labour and capital into saleable goods.
  26. 45. A business system where entrepreneurs buy the right to use the name, logo and product of an existing business
  27. 46. The total amount of money being transferred into and out of a business, especially as affecting liquidity