Business Studies

2. Resources owned by a business that have economic value.
5. A person who starts, manages, and takes on the risks of a business.
7. The movement of money in and out of a business over a period of time.
8. The process of gathering and analyzing data about consumers and market trends.
11. The level of sales at which total revenue equals total costs, resulting in no profit or loss.
12. A tool used to evaluate a business’s Strengths, Weaknesses, Opportunities, and Threats in the marketplace
14. The combination of product, price, place, and promotion strategies used to market products.
16. The process of developing new products, services, or processes to improve business performance.
18. The financial gain when revenue exceeds expenses.
20. A portion of a company’s profits paid to shareholders.

1. Individuals or groups affected by or involved in a business’s operations.
3. A business owned and operated by one person.
4. A business that is a separate legal entity from its owners, with shareholders owning the company.
6. A formal document outlining a company’s goals, strategies, and financial projections.
7. A business’s responsibility to consider the social and environmental impacts of its actions.
9. The total income generated from the sale of goods or services before expenses.
10. A business owned by two or more people who share responsibility and profits.
13. A business’s ability to meet its short-term financial obligations.
15. The legal responsibility for debts and obligations of a business.
17. The practice of hiring external firms to perform tasks or services that could be done internally.
19. A business model where a business owner (franchisee) operates under the brand and business model of another company (franchisor).