Business Crossword

5. When a business expands its existing operations.
6. when the production process is split up into different tasks and each worker performs one of these tasks.
8. A person who organises, operates and takes the risk of a new business venture.
11. The difference between the selling price of a product and the cost of bought materials.
12. Industry provides services to consumers and the other sectors.
16. When the owners of two businesses agree to join their businesses together to make one business.
17. Money invested into a business by the owners.
19. Resources needed to produce goods or services.
21. Both private sector and public sector.
23. When one business merges with or takes over a business in a completely different industry.
24. A business owned and operated by just one person.
25. When one business buys out the owners of another business.

1. When one business merges with or takes over another one in the same industry but at a different stage of production. It can be forward or backward.
2. When there is only a limited amount of resources available to produce the unlimited amount of goods and services we desire.
3. When one business merges with or takes over another one in the same industry at the same stage of production.
4. The owners of a business can be held responsible for the debts of the business they own.
7. Industry manufactures goods using the raw materials.
9. When people and businesses concentrate on what they are best at.
10. industry extracts and uses the natural resources is Earth to produce raw material.
13. The liability of shareholders in a company is limited to only the amount they invested.
14. The lack of sufficient products to fulfill the total wants of the population.
15. The next best alternative is to give up by choosing another item.
18. It is measured by the number of people employed, the value of output, the value of sales and the value of capital employed.
20. Document containing the business objectives and important details about the operations, finance and owners of the new business.
22. When a business takes over or merges with another business.