Key terms so far

1234567891011121314151617181920
Across
  1. 2. flow of money into and out of a business
  2. 4. areas of land that were once used for urban development
  3. 5. value of one currency in terms of another
  4. 7. business organisations that have a separate legal identity from that of their owners
  5. 10. owner of a business is personally liable for all business debts
  6. 14. costs that do not vary with the level of output
  7. 15. market where it is more efficient to have just one organisation meeting total market demand
  8. 16. growing integration of the world’s economies
  9. 17. the activity of starting and running businesses
  10. 18. physical products, such as a mobile phone, a packet of crisps or a pair of shoes
  11. 19. partnership where some partners contribute capital and enjoy a share of the profit but do not take part in the running of the business
  12. 20. share of the profit paid to shareholders in a company
Down
  1. 1. structure in which a business (the franchisor) allows another operator (the franchisee) to trade under their name
  2. 3. where there is no legal difference between the owner and the business
  3. 6. business that has a separate legal identity from that of its owners
  4. 8. business that aims to improve human or environmental well-being, charities for example
  5. 9. transfer of public sector resources to the private sector
  6. 11. resources used or owned by a business, such as cash, stock, machinery, tools and equipment
  7. 12. making enough profit to satisfy the needs of the business owner(s)
  8. 13. process of a company 'going public’