Running a Business 2

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Across
  1. 7. succession a company will continue to exist when the owners change
  2. 10. equity the value of the business to the owner(s)
  3. 11. Where two or more people share responsibility for the operation of a business.
  4. 12. management The processes involved in identifying, controlling and minimising the impact of uncertain events.
  5. 13. the ability of a business to pay its debts on time
  6. 14. association A non-profit organisation involved in a commercial activity. Profits are returned to the association, not passed on to members.
  7. 16. methods used by a business to inform, persuade and remind customers about its products
  8. 18. research collecting and analysing information about customers and the business opportunities available
  9. 21. Goods and services used in the production process.
  10. 22. profit/loss amount remaining when the cost of goods sold is deducted from revenue
Down
  1. 1. the coordination of the human, physical, financial and information resources to achieve the goals of the business
  2. 2. the company has become a separate legal entity from its owners (shareholders)
  3. 3. profit/loss amount remaining when operating expenses are deducted from gross profit
  4. 4. A person who owns shares in a business.
  5. 5. statement a summary of a business's revenues and expenses incurred during a set period of time
  6. 6. Using equipment or property for a specified period of time in return for a fee or rent.
  7. 8. company A business that is not listed on the stock exchange and has 50 or fewer shareholders.
  8. 9. the debts owed by a business to others
  9. 15. A bank account facility that allows you to withdraw more funds from an account than you have deposited. You are charged interest for using these funds.
  10. 17. company A company listed on the stock exchange. Any member of the public can become a shareholder.
  11. 19. market the group of customers to which the business intends to sell its products
  12. 20. analysis An assessment of a business’s strengths, weaknesses, opportunities and threats.
  13. 23. trader A business with a single owner who is responsible for every aspect of the operation of the business.