Business Terminologies

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Across
  1. 1. / A style of management that involves telling employees what to do without consultation.
  2. 3. / The inability of a business to pay short-term debts.
  3. 5. / These indirect costs are the day-to-day running costs of an organisation.
  4. 7. / A long-term loan certificate issued for sale by a company.
  5. 8. / Assigning tasks and authority to complete them to others.
  6. 12. / Income remaining after the deduction of income and payroll taxes, and the most important determinant of total consumer spending. (10,6)
  7. 13. / This type of market research involves a limited field trial of a new product or promotion to gather data on sales and consumer reaction. (4,9)
  8. 14. / The proportion of total sales of a product captured by the business.
  9. 17. / The different stages a product passes through overtime characterised by the amount of sales and profits generated during each stage. (7,4,5)
  10. 18. / The process of categorising consumers according to their particular characteristics.
  11. 19. / The ratio of total capital financed by long-term debt.
  12. 20. / Payment for an asset in instalments. The seller owns the asset until full payment with interest has been received. (4,8)
  13. 21. / An economic system which combines a market economy with government planning. (5,7)
  14. 23. / Funding for business start-ups. (7,7)
  15. 24. / A measure of how effectively a business is using its resources.
  16. 25. / Someone who owes a business money for goods or services he/she has purchased on credit.
  17. 27. / A pricing method that involves adding a mark-up for profit over the average cost of producing the product. (4,4)
  18. 29. / An organisation with a separate legal identity. (12,8)
  19. 31. / Bank notes and coins available for immediate payment.
  20. 32. / A marketing action used to extend sales and the profitable life of a mature product. (9,8)
  21. 34. / When two firms agree to combine to form a larger business.
  22. 36. / Increasing the degree of challenge in a job by adding tasks that require more skill and responsibility. (3,10)
  23. 37. / An indefinite obligation on business owners to repay all the debts of their business. (9,9)
  24. 39. / The global market for the purchase and sale of new or existing shares in public limited companies. (5,6)
  25. 40. / A contractual agreement between two or more organisations to share the expertise, investment, management, costs, profits, and risks of running a business. (5,7)
  26. 41. / Failure to meet loan repayments.
  27. 42. / A marketing strategy for small, specialised markets. (5,9)
  28. 43. / A policy instrument that can be used by a government. It is the price of money, the cost of borrowing money, or the return to saving. (8,4)
  29. 44. / The term used to describe the work of those employees with the authority to plan, organise, coordinate, command, and control other employees and resources within an organisation to achieve agreed aims and objectives.
  30. 46. / An asset that is easily converted into cash. (6,5)
  31. 47. / The act of taking formerly private assets into public or state ownership.
  32. 48. / Assets used as security against a loan.
  33. 49. / A form of business, also known as corporation in some countries, that is owned by shareholders. (7,7)
  34. 50. / A document which shows the financial position of a business organisation. (7,5)
Down
  1. 2. / Short-term deferred payment terms, usually up to 90 days, offered by suppliers. (5,6)
  2. 4. / This involves concentrating on a small number of productive tasks in a business or on the production of a particular product or group of similar products.
  3. 6. / The process of creating distinctive and durable perceptions of a product in the minds of consumers.
  4. 9. / Rising average cost due to a business being too big to operate efficiently. (12,2,5)
  5. 10. / Money raised by a business from the sale of goods or services to their customers.
  6. 11. / An excess of cash held on the business premises or in an easy access bank account. (4,7)
  7. 15. / This refers to the number of subordinates a manager supervises. (4,2,7)
  8. 16. / The people and organisations involved in the physical movement and the transfer of goods or services from producers to consumers. (12, 7)
  9. 22. / The decline in the manufacturing sector of an economy.
  10. 26. / Profit held back by a business and added to its reserve for future investment or growth. (8,6)
  11. 28. / Rewarding employees with a percentage of the profits of the business they work for. (6,7)
  12. 30. / The process of turning natural resources and components into other goods.
  13. 33. / Replacing one factor of production with another in a production process. (7,12)
  14. 35. / Renting the use of an asset, usually with an option to buy at a later stage.
  15. 38. / Money invested in long-lived productive assets such as premises, machinery, and equipment. (5,7)
  16. 45. / The layers of management and command in an organisation.