Critical Issues in Business Success/Failure

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Across
  1. 2. Conditions: Refers to macroeconomic factors like inflation, interest rates, and unemployment, which impact the viability of a business (17 letters).
  2. 4. Plan: A strategic document that outlines the business's objectives, financial projections, and operational strategies (12 letters).
  3. 7. The ability of a business to maintain and continually strengthen its competitive advantage in the marketplace (10 letters).
  4. 9. Innovations that businesses use to increase efficiency, improve product offerings, or reduce costs, crucial in the digital age (10 letters).
Down
  1. 1. Advantage: The unique benefit or set of benefits that a company has over its competitors, such as price, quality, or service (19 letters).
  2. 3. Occurs when a business expands too quickly or takes on too much financial risk, leading to strain on resources (14 letters).
  3. 5. and Teams: Involves recruiting, training, and managing employees, ensuring effective teamwork for productivity (17 letters).
  4. 6. Failure: The result of poor management, lack of planning, or external factors that prevent a business from remaining profitable (14 letters).
  5. 8. Analysis: The process of examining past data to predict future patterns and inform decision-making (13 letters).