L6 Easter

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Across
  1. 1. The output of a worker in a given period of time.
  2. 4. A record of how money did flow into and out of a business.
  3. 6. a measure of a firms ability to pay its short term debts.
  4. 8. Producing a single product at a time.
  5. 11. Gross profit minus expenses.
  6. 12. Producing a level of output where average cost is minimised.
  7. 14. A type of long-term loan which is repaid in a lump sum not instalments.
  8. 19. A type of long term loan secured on property.
  9. 25. Revenue minus cost of sales.
  10. 26. The cost of borrowing or reward for saving money.
  11. 28. Current output ÷ maximum output x 100
  12. 29. An agreement allowing a business to spend more money than they have in their account.
  13. 30. Where a business pays a monthly amount to use an asset that they will never own.
  14. 32. The natural fluctuation of the economy between periods of expansion and contraction.
  15. 33. money raised from outside the business.
  16. 37. A prediction of how money will flow into and out of a business.
  17. 38. Money generated by the business or its current owners.
  18. 39. Fixed costs divided by contribution per unit.
  19. 43. An agreement with a supplier to buy stock now but pay for it later.
  20. 44. An amount borrowed from the bank that has to be repaid.
  21. 45. Japanese techniques for cutting down on space, materials, Labour, capital and time.
  22. 48. Another name for stock.
  23. 51. Having a feature that competitors do not that allows a business to outperform its rivals in some way.
  24. 53. Someone to whom a business owes money.
Down
  1. 2. Where a large number of individuals invest in a business.
  2. 3. The total monetary value of all goods and services produced in a country during a specific period.
  3. 5. A system where stock is only ordered to complete orders received.
  4. 7. Money available at the start of the month.
  5. 9. Additional stock kept in case of sudden increase in demand or delays in supply.
  6. 10. Where businesses’ use a higher proportion of humans than machines in the production process.
  7. 13. A general rise in prices over time.
  8. 15. Where business owners are liable for all business debts, personal assets can also be sold to pay them.
  9. 16. Where a group of identical items are produced before a new group is started.
  10. 17. Making standardised products continually on a Large-scale.
  11. 18. Money available at the end of the month.
  12. 20. A financial plan for income and expenditure.
  13. 21. Where businesses’ use a higher proportion of machines than humans in the production process.
  14. 22. current assets minus current liabilities.
  15. 23. The value of one currency in terms of another.
  16. 24. Inflows minus outflows.
  17. 27. Money raised from selling ownership in the company.
  18. 31. The degree to which a product or service meets or exceeds customer expectations.
  19. 34. Notes, Coins and money in the bank.
  20. 35. The difference between planned financial figures and actual outcomes.
  21. 36. The sector of industry where goods are manufactured.
  22. 40. Where the Bank of England uses interest rates to control inflation.
  23. 41. Continuous improvement
  24. 42. Government strategy that involves taxation and spending.
  25. 46. A compulsory contribution to government finances that comes straight from pay or profits.
  26. 47. The gap between stock being ordered and delivered.
  27. 49. The sector of industry concerned with producing or extracting raw materials.
  28. 50. The sector of industry also known as the service sector.
  29. 52. Someone who owes the business money.