business

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Across
  1. 2. rate – Value of one currency against another.
  2. 3. trader – Single owner with full responsibility.
  3. 5. – Feature that differentiates a product.
  4. 8. – Human effort in production.
  5. 10. limited company (Plc) – Shares sold publicly on a market.
  6. 13. cost – Benefit lost from the next-best choice.
  7. 15. – Shared ownership and shared liability.
  8. 18. liability – Owner’s personal assets are protected.
  9. 19. – Non-physical actions customers pay for.
  10. 20. of scale – Higher costs from being too large.
  11. 22. – Two firms join voluntarily.
  12. 24. value – Increase between input cost and selling price.
  13. 26. – Right to operate using another brand.
  14. 28. – Risk-taker who organises resources.
  15. 29. – Rival firms in the same market.
Down
  1. 1. – People able to work but jobless.
  2. 4. – Decision-making that combines all resources.
  3. 6. share – Firm’s proportion of industry sales.
  4. 7. of scale – Lower costs from larger output.
  5. 9. – Man-made assets used to produce.
  6. 11. – Organisation that produces to meet demand.
  7. 12. – Groups affected by business decisions.
  8. 14. – One firm gains control of another.
  9. 15. limited company (Ltd) – Shares sold privately; restricted transfer.
  10. 16. – Essential requirements for survival.
  11. 17. – Non-essential desires.
  12. 21. – Rise in general price levels.
  13. 23. – Physical products that can be owned.
  14. 25. – Natural resources used in production.
  15. 27. rates – Cost of borrowing money.