Business Studies Chs.(1-6)

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Across
  1. 4. Firms that supply a service to consumers and other businesses.
  2. 5. People and businesses concentrate on what they are best at.
  3. 6. A payment, out of profits, to shareholders as a reward for their investment.
  4. 7. An organization, especially a business, or a difficult and important plan, especially one that will earn money.
  5. 9. There are not enough goods and services to meet the wants of production.
  6. 15. An economy where the resources are owned and controlled by both the private and the public sectors.
  7. 16. A good or service which is essential to living.
  8. 17. The process of producing goods and services to satisfy consumer demand.
  9. 19. A business system where entrepreneurs buy the right to use the name, logo and product of an existing business.
  10. 20. The part of the economy that is owned and controlled by the state or the government.
  11. 25. Firms whose business activity involves the extraction of natural resources.
  12. 26. A good or service which people would like, but is not essential for living.
  13. 28. A person or organisation who owns shares in a limited company.
  14. 31. Products which are sold to the final consumer.
  15. 32. a business that is owned and controlled by just one person who takes all of the risks and receives all of the profits.
  16. 33. If an unicorporated business fails, then the owners might have to use their personal wealth to finance any business debts.
Down
  1. 1. Non-current assets offered as a security against borrowing.
  2. 2. Workers, especially people who do practical work with their hands.
  3. 3. A business organisation that is owned and controlled by the state.
  4. 6. The reduction of industrial activity or capacity in a region or economy.
  5. 8. Refers to growth of a company that results from using external resources.
  6. 10. Is the organic development of an organization through strategic decision-making designed to increase a company's size.
  7. 11. The development of industries in a country or region on a wide scale.
  8. 12. Non-tangible products such as insurance services, transport.
  9. 13. Things for sale, or the things that you own.
  10. 14. Money and possessions, especially a large amount of money used for producing more wealth or for starting a new business.
  11. 18. The shareholders in a limited liability company which fails only risk losing the amount they have invested in the company and not any of their personal wealth.
  12. 21. An individual who has an idea for a new business and takes the financial risk of starting up and managing it.
  13. 22. The amount a business earns from the sale of its products.
  14. 23. The part of the economy that is owned and controlled by individuals and companies for profit.
  15. 24. Physical goods such as machinery and delivery vehicles, used by other businesses to help produce other goods and services.
  16. 25. A business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and will share profits.
  17. 27. A detailed written document outlining the purpose and aims of a business which is often used to persuade lenders or investors to finance a business proposal.
  18. 29. The benefit that could have been gained from an alternative use of the same resource.
  19. 30. venture Two or more businesses agree to work together on a project and set up a separate business for this purpose.