Introduction to Business Terms Crossword

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Across
  1. 2. The capital means the assets and cash in a business. Capital may either be cash, machinery, receivable accounts, property, or houses. Capital may also reflect the capital gained in a business or the assets of the owner in a company.
  2. 6. The willingness or drive to do something
  3. 12. Enterprise, A social enterprise is a business that produces goods and services for the market, but its primary objective is fulfilling a social need. The business can make profit however its business concept focuses on some sort of community or environmental need.
  4. 14. report, A report showing a businesses overall gross profit and net profit over a given period of time
  5. 15. company, Most public listed companies are large in size. The shares are listed on the Australian Securities Exchange, and can be bought and sold freely to the public.
  6. 17. A person who sets up a business or businesses, taking on financial risks in the hope of profit
  7. 22. A person or business who owes you or your business money
  8. 23. for a certain period is the difference between the revenue earned and the expenses incurred for that period of time, e.g. six months.
  9. 24. trader, A sole trader business has ONE person who owns the business
  10. 26. What could impact the success of your business (usually includes competitors)
  11. 27. Things that put your business at a disadvantage
  12. 28. a business has not been able to create or generate money they will lose money
  13. 29. The person or business that buys your product or service
  14. 31. Domestic product, GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
  15. 34. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.
  16. 35. SWOT analysis is a strategic planning and strategic management technique used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to a business
  17. 36. Something that can be physically touched
  18. 37. company, Private limited company usually has between two and 50 private shareholders. They tend to be a small to medium sized business, they are owned by private shareholders .
  19. 38. Things of value owned by a business e.g. cash on hand, cash at bank, debtors, stock, motor vehicles, furniture & fittings, land, buildings
Down
  1. 1. Equity represents the shareholders' stake in the company, identified on a company's balance sheet. The calculation of equity is a company's total assets minus its total liabilities
  2. 3. Amounts owed by the business to outside persons or other businesses e.g. bank loan, credit card, overdraft, creditors. These liabilities are claims by others on the assets of the business
  3. 4. living standards, Material living standards include tangible goods and services, like cars, health coverage, etc
  4. 5. A person who purchases goods and services for personal use.
  5. 7. are the costs incurred in earning the revenue. They are the amounts that are used up and finished with during the specified period for which you are working out your profit e.g. wages / salaries, rent, electricity, internet, advertising etc.
  6. 8. Business strengths are competitive advantages that allow a firm to outcompete, generate value and achieve efficiency
  7. 9. What things could potentially happen as a part of your business (looking to the future)
  8. 10. The statement of net worth of a business. The Balance Sheet shows the assets, liabilities and proprietorship of a business at a particular point in time. The Balance Sheet always balances!!
  9. 11. statement, An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.
  10. 13. An aim or a goal that a business has. For example to make a profit
  11. 16. Someone who your business owes money to
  12. 18. A partnership is a business which is owned by two or more people. Most partnerships have a maximum of 20 partners.
  13. 19. Entrepreneurship is a process that people take up to address a work challenge or fulfil a social purpose. Entrepreneurship is commonly associated with creating, launching and managing a business or social enterprise. However, people with entrepreneurial qualities exist in every career field.
  14. 20. material living standardS, Non-material standards include the environment, working conditions, and freedom of speech.
  15. 21. represents what the business earned over a certain period of time from conducting their business. It could be in the form of sales, fees, commissions, etc.
  16. 25. Business, Usually owned and operated by a small group of people, with 20-100 employees
  17. 30. business, A business with over 200 employees, it is also usually incorporated
  18. 32. of living, The degree of wealth and material comfort available to a person or community.
  19. 33. An innovation can be a whole new product, a variation on an existing product that improves it, such as colour, design or features, advancements in technology or a different way of taking a product to the market.
  20. 39. business, Usually a privately owned an operated business with less than 20 employees