Christmas Crossword

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Across
  1. 2. A limited liability company whose shares can be bought the stock market.
  2. 5. A business that tries to help society rather than make a profit.
  3. 6. When personal possessions of an entrepreneur can be sold to pay business debts.
  4. 9. The cost of the next best alternative foregone up when a decision is made.
  5. 11. The owners of a PLC or LTD businesses.
  6. 12. A specific target for a business to achieve.
  7. 14. A type of company whose shares cannot be bought on the stock market.
  8. 18. A diseconomy of scale that happens when workers feel less important due to the larger size of the business.
  9. 21. Where a business uses outside companies to produce a good or provide a service.
  10. 24. The functional area responsible for manufacture.
  11. 26. A legal agreement between partners.
  12. 28. Where average cost is reduced as output increases.
  13. 30. A factor of production - the number and skills of business employees.
  14. 32. A factor of production - where a business is located and natural resources used.
  15. 33. The functional area responsible for managing company money.
  16. 34. Someone who USES a good or service.
  17. 35. The cost of borrowing or reward for saving money.
  18. 39. A shareholders portion of company profits.
  19. 40. Merging or taking over a company in an unrelated industry.
  20. 42. An intangible product.
  21. 44. Integration through merging with or taking over a customer.
  22. 45. When two or more people own and run a business.
  23. 46. The inputs that businesses use to provide their goods or services.
  24. 47. Total Cost ÷ Output.
  25. 49. The functional area responsible for hiring, motivating and training staff.
  26. 50. Non-essential items that we would like but can survive without.
  27. 51. A factor of production - the ideas and skills of entrepreneurs who create businesses.
Down
  1. 1. Price X Sales
  2. 3. The word used to describe the constantly changing external environment.
  3. 4. Integration through merging with or taking over a supplier.
  4. 7. The sector of industry that makes products, e.g. construction.
  5. 8. Where average cost increases as output increases.
  6. 10. Revenue - Total Costs
  7. 13. A physical product.
  8. 15. The sector of industry that provides service, e.g. marketing, banking or law.
  9. 16. Integration by merger or takeover of a company in the same industry and stage of production.
  10. 17. The sector of industry that extracts and produces raw materials, e.g. farming.
  11. 19. Anyone interested in or affected by what a business does.
  12. 20. Someone who PURCHASES a good or a service.
  13. 22. Someone willing to take risks to start a business.
  14. 23. When bigger firms can reduce the average cost of production by using up to date machinery and equipment.
  15. 25. Growth by merger or takeover also called inorganic growth.
  16. 26. When the average cost of stock is reduced due to buying in bulk.
  17. 27. Selling goods via a website.
  18. 29. When a LTD becomes a PLC and sells shares on the stock market.
  19. 31. The functional area responsible for raising awareness and encouraging sales.
  20. 36. Growth by, for example, opening new stores, franchising, outsourcing or e-commerce.
  21. 37. A business owned and controlled by one person.
  22. 38. A general rise in prices in an economy.
  23. 41. A stakeholder whose objective is good pay, good working conditions and job security.
  24. 43. A factor of production – Equipment and machinery used in production.
  25. 48. A surplus of revenue over costs.