Business crossword

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Across
  1. 1. the amount a business earns from the sale of its products.
  2. 3. a business that does not have legal identity separate from its owners. The owners have unlimited liability for business debts.
  3. 6. an individual who has an idea for a new business and takes the financial risk of starting up and managing it.
  4. 12. physical goods, such as machinery and delivery vehicles, used by other businesses to help produce other goods and services.
  5. 14. a business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and will share profits.
  6. 15. unlimited wants cannot be met because there are limited factors of production. This creates scarcity.
  7. 17. products which are sold to the final consumer. They can be seen and touched, for example computers and food.
  8. 23. A good or service which people would like, but is not essential for living.
  9. 24. firms whose business activity involves the extraction of natural resources.
  10. 28. The benefit that could have been gained from an alternative use of the same resource.
  11. 30. the part of the economy that is controlled by the state or government.
  12. 33. A good or service which is essential to living.
  13. 34. People and businesses concentrate on what they are best at.
  14. 36. The process of producing goods and services to satisfy consumer demand.
  15. 37. a newly formed business. They usually start small, but some might grow to become much bigger.
  16. 38. firms that supply a service to consumers and other businesses.
Down
  1. 2. if an unincorporated business fails, then the owners might have to use their personal wealth to finance any business debts.
  2. 4. the part of the economy that is owned and controlled by individuals and companies for profit.
  3. 5. a person or organisation who owns shares in a limited company.
  4. 7. Production is divided into separate tasks and each employee does just one of those tasks.
  5. 8. often a large company, owned by shareholder who have limited liability. The company can sell its shares to the general public.
  6. 9. an economy where the resource are owned and controlled by both the private and public sectors.
  7. 10. The resources needed to produce goods-and-services - land, labour, capital and enterprise.
  8. 11. non-tangible products such as insurance services, transport.
  9. 13. the owners of a limited company
  10. 16. a business organisation that is owned and controlled by the state.
  11. 18. a business that is owned and controlled by just one person who takes all of the risks and receives all of the profits.
  12. 19. the shareholders in a limited liability company which fails only risk losing the amount they have invested in the company and not any of their personal wealth.
  13. 20. capital the finance needed when first setting up a business.
  14. 21. the production and supply of goods to the final consumer involves activities from primary, secondary and tertiary sector businesses.
  15. 22. often a small to medium-sized company; owned by shareholders who have limited liability. The company cannot sell its shares to the general public.
  16. 25. There are not enough goods and services to meet the wants of the population.
  17. 26. two or more businesses agree to work together on a project and set up a separate business for this purpose
  18. 27. non-current assets offered as security against borrowing
  19. 29. firms that process and manufacture goods from natural resources.
  20. 31. a business system where entrepreneurs buy the right to use the name, logo and product of an existing business.
  21. 32. a detailed written document outlining the purpose and aims of a business which is often used to persuade lenders or investors to finance a business proposal.
  22. 35. a payment, out of profits, to shareholders as a reward for their investment.