E.S.D Kyalami Prepartory School

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Across
  1. 2. involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market
  2. 3. monies owed, by the business, to other people or other businesses
  3. 6. income is to be greater than your expenses.
  4. 9. costs that relate to the amount of products and services the business provides.
  5. 11. employees have a tertiary qualification from an institution of higher learning.
  6. 12. the amount of money that is spent to produce goods or services before any profit is added for the manufacturer or producer
  7. 13. also known as overhead expenses
  8. 15. capital is needed to run the business from day to day.
Down
  1. 1. understanding financial concepts and having the skills associated with money management that enable you to make smart decisions with your money.
  2. 4. a business that is not controlled or regulated by the government.
  3. 5. items that have monetary value and are owned by the business.
  4. 7. a group of people you are aiming to sell your products to.
  5. 8. a written plan on how to spend future income.
  6. 10. type of capital that includes Land and buildings, machinery and equipment, vehicles, and other fixed assets.
  7. 12. assets that can be converted into cash within the next year
  8. 14. payment for services and consumable goods that the business buys in order to keep the business running.