Key Word Crossword Unit 1

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Across
  1. 1. Is a business that has its own legal identity.
  2. 4. A tax on foreign goods imported into a country.
  3. 5. Is another word for a business.
  4. 7. Are the inputs that businesses use to provide their goods and services.
  5. 11. Measures all the income earned in a country’s economy in a year.
  6. 12. The rate at which prices are increasing.
  7. 13. Means that the personal possessions of the owners of a business are at risk is there are any problems.
  8. 14. Owned by individuals. E.g. Coca Cola
  9. 18. Occurs where there is a lack of information about a situation. This means the outcome or consequences are difficult to predict.
  10. 19. Someone who buys a product from a business.
  11. 21. (Also known as organic growth) occurs when a business gets bigger by selling more of its products
  12. 22. Costs Are fixed costs plus variable costs.
  13. 24. Is the possibility of something going wrong.
  14. 25. When a the unit costs of production rise as a business expands.
  15. 30. Is the money paid by banks as a reward to attract people to save them.
  16. 31. Is a market for buying and selling shares of public limited companies.
  17. 33. The ability to be an entrepreneur.
  18. 36. Occurs when one business buys control of another.
  19. 39. Occurs when a franchisor sells the rights to its products to a franchisee, this is usually in return for a fee and percentage of turnover.
  20. 40. Individuals and organisations that affected by, and affect, the activities of a business.
  21. 42. Organisation Is set up to achieve objectives other than profit, for example, a charity.
  22. 43. Is a person or an organisation that owns part of a company. Each shareholder owns a ‘share’ of the business.
  23. 46. The cost of borrowing money OR the reward for saving money, expressed as a percentage.
  24. 47. Occurs when two or more businesses join together to form a new business.
  25. 49. Is a document setting out what a business does and what it hopes to achieve in the future.
  26. 50. Are costs that do not change when a business changes its output.
  27. 51. Is the process of producing a business plan.
  28. 52. Measures Are policies that governments use to protect their own businesses against foreign competition.
Down
  1. 2. Occurs when a business uses another business to produce for it.
  2. 3. Sells a franchise usually in return for a fee and percentage of turnover.
  3. 6. An intangible product (something you can’t touch), such as financial advice.
  4. 8. When a private limited company becomes a public limited company and has shares listed on the Stock Exchange.
  5. 9. the difference between the values of a business’s revenue and its total costs
  6. 10. Occurs when two or more people join together in a business enterprise to pursue profit.
  7. 15. Is a specific target that is set for a business to achieve.
  8. 16. Someone who is willing to take the risks involved in starting a new business.
  9. 17. When a business’s unit costs of production fall as its output rises and the business expands.
  10. 20. The act or buying or selling a product using an electronic system such as the internet.
  11. 23. Buys a franchise usually in return for a fee and percentage of turnover.
  12. 26. Are goods and services purchased from overseas by consumers or businesses.
  13. 27. Occurs when two sides discuss what they want and try to reach a solution.
  14. 28. Is a physical limit on the amount of foreign goods imported into a country.
  15. 29. Is an agreement between partners that sets out the rules of the partnership, such as how profits will be divided.
  16. 32. occurs when a business gets bigger by joining or buying other businesses.
  17. 34. Someone who uses goods and services produced by businesses.
  18. 35. A physical product, such as a car.
  19. 37. Is the income a business receives from selling its goods or services. Price x quantity sold.
  20. 38. Organisation Owned by the government E.g. State schools.
  21. 41. A business that is set up to help society rather than to make a profit.
  22. 44. Are the costs that vary directly with the business’s level of output.
  23. 45. Market price of a share x the number of shares.
  24. 48. Are the financial rewards paid out to shareholders each year.