Chapter 18: Firms

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Across
  1. 2. When one firm buys another firm (can be friendly or hostile.
  2. 5. Economies of scale that arise from within the business as it grows.
  3. 6. A firm owned by shareholders who can freely buy and sell shares on a stock exchange.
  4. 10. The sector that provides services to customers and other firms.
  5. 11. The stock market value of a company (total shares × share price).
  6. 13. The cost-saving benefits that large firms enjoy as they grow.
  7. 14. A person who owns and runs their own business alone.
  8. 15. The sector that extracts raw materials from the earth.
Down
  1. 1. A merger between firms in the same industry at the same stage of production.
  2. 3. A merger between firms in unrelated areas of business.
  3. 4. When a firm gets too large and average costs start to rise.
  4. 7. A business owned by between two and twenty people.
  5. 8. A merger between firms at different stages of production.
  6. 9. Economies of scale that arise due to the location of the firm.
  7. 12. The sector that manufactures goods and constructs buildings.