Business Management Unit 1 - AOS1

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Across
  1. 7. The contribution of businesses to the economy through job creation, innovation, and generating wealth.
  2. 15. The positive impact of businesses on society, including fulfilling social needs and improving quality of life.
  3. 16. The willingness to take calculated risks to gain access to more opportunities.
Down
  1. 1. The ability to motivate employees and provide a clear vision for the business's future goals.
  2. 2. The financial gain obtained when revenue from business activities exceeds expenses.
  3. 3. Conditions that allow a business to exploit unmet customer needs or untapped markets.
  4. 4. The practice of defining specific, measurable, attainable, relevant, and time-bound objectives for the business.
  5. 5. The process of establishing a business to satisfy a need in the market whilst taking on associated risks.
  6. 6. Assessments conducted to determine the practicality and potential success of a business idea.
  7. 8. An idea for a new business that includes details about the product or service, the target market, and the business model.
  8. 9. Establishing relationships with individuals whose expertise may assist the business in the future.
  9. 10. The demand for a product or service that is not currently being met by existing businesses.
  10. 11. The act of creating new ideas, products, or methods to improve business operations or satisfy market needs.
  11. 12. The process of selecting the right choice to achieve the best possible outcome for the business.
  12. 13. International market opportunities that businesses can exploit to expand their operations and reach.
  13. 14. Specific, Measurable, Attainable, Relevant, and Time-bound objectives set by businesses to guide their progress.