business activity

4. the physical and mental efforts put in by the workers in the production process.
5. next best alternative forgone
7. Horizontal integration brings together two firms in the same industry who are also in the same sector of business activity.
10. occurs when a person or organization concentrates on a task at which they are best at.
11. a document containing the business objectives and important details about the operations, finance and owners of the new business.
13. If the firm operates in areas where the total number of customers is small
14. the aims and targets that a business works towards to help it run successfully.
17. Control and manage business operation
18. want to know if they will get paid on time for goods supplied on credit.
20. S of SMART

1. legal agreement between two or more
2. a good or service which people would like, but is not essential for living.
3. expansion of business
6. arguments may occur between partners while making decisions.
8. the natural resources that can be obtained from nature.
9. M of SMART
12. a good or service which is essential to living.
15. individual or group who may be affected by decisions and activities of a business.
16. Complete the task or job assign to them.
18. there are not enough goods and services to meet the wants of the population.
19. T of SMART