Business Management (1.1 & 1.2 - review)

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Across
  1. 4. This is the final stage of an economy sector, where businesses provide services to other businesses and consumers, such as banking, insurance, gas and electricity.
  2. 5. A sector that includes all organisations owned by individuals or groups of individuals.
  3. 7. is essential for survival, while a want makes your life more enjoyable.
  4. 9. Anything that comes naturally from the planet. This covers plants grown on land (crops, wood from trees) as well as resources that are extracted from underground (oil and gas) and from the sea (fish).
  5. 11. The process where a business focuses on a particular industry or segment of a market.
  6. 12. A sector that are often created by governments in order to provide public services. For example, national governments provide protection through the army and the navy.
  7. 13. This is the sector in an economy or the first stage of an economy, where natural resources are extracted from the land or sea. Activities include forestry, fishing, mining and agriculture.
Down
  1. 1. This is when there is a mix of privately-owned and government-owned (public) businesses.
  2. 2. The manpower needed to produce products and services.
  3. 3. The people who come up with business ideas and take risks when putting the other factors of production together. They are known as entrepreneurs.
  4. 6. it is equal to the Selling price less costs of materials/components.
  5. 8. In this sector, the raw materials extracted from the primary sector are combined in the production process to make the finished goods through manufacturing, refining and construction.
  6. 10. The financial investment, machines and equipment required to produce products and services.