business management

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Across
  1. 2. physical products eg food clothes
  2. 4. The financial gain when revenue exceeds the costs and expenses associated with running the business.
  3. 9. Other businesses offering similar products or services in the same market, competing for the same customers.
  4. 10. Business practices that focus on meeting current needs without compromising the ability of future generations to meet theirs, often emphasizing environmental and social responsibility.
  5. 13. A framework for analyzing a company’s internal Strengths and Weaknesses, and external Opportunities and Threats.
  6. 14. Senior members of a company’s board who are responsible for making strategic decisions and ensuring that the business operates in accordance with its goals.
  7. 17. A business that has been legally registered as a company, creating a separate legal entity and limited liability for its owners.
  8. 18. A framework used to analyze the external environment impacting a business, considering Social, Technological, Economic, Environmental, Political, Legal, and Ethical factors.
  9. 19. A growth strategy where a business expands into new markets or develops new products to reduce risk.
  10. 22. A statement outlining a business’s long-term goals and what it aspires to become in the future.
  11. 23. Individuals or entities that provide capital to a business in exchange for a financial return, often through shares or loans.
  12. 27. Cost advantages that businesses obtain due to their size, output, or scale of operations, reducing per-unit costs as production increases.
  13. 30. The part of the economy that is controlled by the government, including services like education, healthcare, and public transportation.
  14. 32. An economic system where prices are determined by unrestricted competition between privately owned businesses, with minimal government intervention.
  15. 36. Individuals or entities who own a business, holding ultimate control and financial responsibility for its operations.
  16. 37. The process of expanding the business through increasing output, customer base, or market share.
  17. 38. A visual tool used to map out different possible decisions and their outcomes, helping businesses make informed choices based on costs and benefits.
  18. 39. The potential benefit lost when choosing one option over another, representing the trade-off of business decisions.
  19. 41. A not-for-profit organization that operates independently of any government, often aiming to address social, environmental, or political issues.
  20. 43. The institution that governs a nation, responsible for setting and enforcing laws and regulations that affect businesses.
  21. 44. The part of the economy run by private individuals and companies, not by the government, aimed at making a profit.
  22. 45. A document outlining a business’s goals, strategies, target market, and financial forecasts, serving as a roadmap for growth and securing investment.
  23. 47. Organizations that attempt to influence public policy or business practices to achieve a specific goal, often related to social, environmental, or ethical issues.
  24. 49. Workers hired by a business to perform specific tasks in exchange for wages or salary.
  25. 50. intangible products
  26. 51. Businesses that produce goods from raw materials to be sold to consumers, retailers, or other manufacturers.
  27. 52. Long-term plans formulated by a business to achieve its goals and objectives.
  28. 53. A small, specialized segment of the market targeting a specific group of customers with unique preferences or needs.
  29. 54. A type of company with limited liability and shares that are not available to the public. Ownership is often held by a small group of people (shareholders).
  30. 55. General, long-term goals that a business wants to achieve, often focused on growth, profitability, or market positioning.
Down
  1. 1. A business that seeks to generate profit while also fulfilling a social or environmental mission.
  2. 3. Individuals or groups that purchase and use products or services provided by businesses.
  3. 5. A business that is not legally registered as a company, meaning the owner has full liability for any debts or obligations.
  4. 6. A large market that targets a wide audience with products that have universal appeal.
  5. 7. Individuals or businesses that buy products or services from a company.
  6. 8. A legal status where the owners’ personal assets are protected in case the business incurs debts or legal claims, limiting their financial responsibility.
  7. 11. A business that has specific social or environmental objectives, reinvesting profits to achieve these goals rather than maximizing shareholder returns.
  8. 12. A type of business owned and run by two or more individuals who share profits and responsibilities
  9. 13. Companies or individuals that provide the raw materials, goods, or services a business needs to operate.
  10. 15. A business owned and operated by a single person who is fully responsible for its liabilities and obligations.
  11. 16. A business structure where the owners are personally responsible for all business debts and liabilities, potentially risking personal assets.
  12. 20. Individuals or groups affected by or with an interest in the operations of a business, including employees, customers, suppliers, and the community.
  13. 21. The increase in value a business creates by transforming inputs into finished products or services, contributing to its competitive advantage.
  14. 24. Individuals responsible for overseeing and coordinating the day-to-day operations of a business to achieve its objectives.
  15. 25. A large company or group of companies authorized to act as a single legal entity. Shareholders own it, but it operates separately from its owners.
  16. 26. The process of developing new ideas, products, or processes to improve efficiency, increase competitiveness, or meet customer needs
  17. 28. A company that operates in multiple countries, managing production or delivering services across national borders.
  18. 29. The process by which businesses adapt or transform in response to internal or external factors, such as technology, competition, or regulations.
  19. 31. Individuals or entities that own shares in a company, giving them partial ownership and a claim on profits (dividends).
  20. 33. The phenomenon where a business grows so large that it leads to inefficiencies, causing increased per-unit costs as production expands.
  21. 34. Business practices that involve participating in initiatives that benefit society, such as environmental sustainability and ethical labor practices.
  22. 35. A concise explanation of a company’s purpose, outlining its core objectives and values.
  23. 40. Specific, measurable goals set by a business to achieve its broader aims.
  24. 42. Moral principles that guide business decisions and practices, focusing on what is right and wrong.
  25. 46. A strategic tool used to analyze and plan a company’s strategies for growth, focusing on market penetration, market development, product development, and diversification.
  26. 48. risktaker present in the company