Business Studies

2. A business that is owned and operated by only one person.
5. This type of industry involves taking a raw material and making it into a finished or semi-finished product.
7. A legal business structure that is owned and operated by between two and 20 people people with the aim of marking a profit.
8. refers to the growth and development stages a business can experience.
9. The resources used in the production process.
10. Money received by a person for providing his or her labour, or a business from a return on its investments.
12. This type of cessation occurs if forced to cease trading by the creditors of the business
13. Includes those factors over which the business has no degree of control.
16. Someone who starts, operates and assumes the risk of a business venture in the hope of making profit.
18. Refers to the business processes that involve transformation or, more generally, 'production'.
19. Occur when the owners of two seperate businesses agree to combine their resources and form a new organisation.

1. These types of resources include human resources and facilities
3. Refers to the values, ideas, expectations and beliefs shared by members of the organisation.
4. involves the use of inspections at various points in the production process to check for problems and defects
6. The money a business receives as payments for its product.
11. What remains after all business expenses have been deducted from sales revenue.
12. Includes those factors over which the business has some degree of control.
14. any group or individual who has an interest in or is affected by the activities of a business
15. These types of resources include materials, information and customers
17. Refers to the end result of a business's efforts - to undertake business functions or activities for the business.