Business Revision

4. the individual who sells the goods and service
7. owned by shareholders
9. a business usually owned and operated by two or more people.
13. standards that have been agreed to by groups of suppliers or other organisations.
16. specific group of customers with similar characteristics.
17. legislation placed in order to protect consumers

1. two or more businesses join together
2. a organisation that enforces the consumer law
3. the simplest business form owned and operated by one person.
5. characteristics or statistics relating to population, including age, gender, ethnicity, employment, income and education.
6. standards that are compulsory and must be observed by suppliers.
8. government providing financial and other support to disadvantaged community's.
10. When one company supplies products to another under the condition that the purchaser of the products cannot purchase products from any other sellers
11. a that business sets it prices at such a low level that competitors can't beat
12. the person who purchases the franchise
14. one business buys out a competitor
15. two businesses in competition set identical prices for their products.