Business And Economy

2. Literally means that 'the whole is greater than the sum of parts' - it is often assumed that the new business will be more successful than the original separate business.
3. The action of showing initiative to take the risk to set up a business.
5. A business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
8. The total value of sales made during the trading period = selling price x quantity sold.
9. Two or more businesses agree to work closely together on a particular project and create a separate business division to do so.
10. Organizations accountable to and controlled by central or local government.
13. A person or institution owning shares in a limited company.
14. When a company buys more than 50% of the shares of another company and becomes its controlling owner.
15. An individual consumer or organization that purchases goods or services from business.
17. Sales of the business as a proportion of total market sales.

1. A jointly owned business operated by members for their mutual benefit, to produce or distribute goods or services - as in consumers' cooperatives or farmers' cooperatives.
2. A business with mainly social objectives that re-invests most of its profits into benefiting society rather than maximizing returns to owners.
4. The legal right to use the name, logo and trading systems of an existing successful business.
6. A business employee who takes direct responsibility for turning an idea into a profitable new product or business venture.
7. The money you have left after paying for business expenses.
11. The status or position held by an entity as determined by the law.
12. A certificate confirming part-ownership of a company and entitling the shareholder owner to dividends and certain shareholder rights.
15. Anything that confers value or benefit to its owners.
16. An agreement by owners and managers of two business to bring them together in a new combined business.