Business Studies Crossword Puzzle

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Across
  1. 4. The distribution of goods using the physical presence such as shop or office
  2. 8. A term used to explain how a business works
  3. 11. When a price is set lower than the competitor business. Often used by new businesses to break the market. This should only be seen as a short-term strategy
  4. 12. Splitting a market for a product into different parts, or segments
  5. 13. The owners of a private or public limited company
  6. 14. The group of customers at which a product or service is aimed, or targeted
  7. 17. Where a busyness sells its goods and services
  8. 18. A pricing method that adds a percentage of profit to the total costs of making a product. This gives the selling price
  9. 19. Groups or individuals who have an interest in a business
  10. 22. Used to test whether customers will buy a product
  11. 23. The business owners and people who work in the business
  12. 24. Data collected by the government every ten years, questioning the entire population on their income, occupation etc
  13. 25. Where a new product is more advanced than the competitors, a price is set high as some customers are willing to pay higher prices to own the newest technology. Sometimes called creaming
  14. 27. The distribution of goods and services digitally by downloading from a website
  15. 28. Data already within a business based on past performance
  16. 30. The collection of data on consumer habits to help decision-making in marketing
  17. 32. Where prices are reduced to give products a boost or to sell off old stock. Most commonly seen as sales in shops
  18. 33. The collection of data using research or information provided by others, such as magazines, journals and the internet. Often called desk research
Down
  1. 1. Money raised to start or develop a business
  2. 2. When a business merges with or takes over over another business with which there is no connection
  3. 3. Include price, reductions, loss leaders, competitions and free samples
  4. 5. Data collected fist-hand, often in the form of surveys. Sometimes referred to as field research
  5. 6. A business owned by one person
  6. 7. Finding the needs of consumers and demonstrating how a business fulfils those needs in a way that increases sales
  7. 9. A business owned by 2 - 20 people
  8. 10. Data collected that is based on facts or numbers, usually easier to analyse than qualitative data
  9. 15. When a price is set based on prices charged by a competitor business for a similar product
  10. 16. Data based on the opinions of those being asked
  11. 20. The local community, suppliers, government and customers
  12. 21. Where two or more businesses agree to join together
  13. 26. Growth of a business internally by increasing sales. Sales can be increased in a number of different ways
  14. 29. Where a business take s a controlling interest in another business
  15. 31. A person who takes the calculated risk of starting and running a business enterprise