Schedule 1b

4. A business plan can help to obtain one of these.
6. Where the objectives of different stakeholders are incompatible.
10. When a business uses another business to produce for it.
11. Costs that do not change with output.
13. The value of one currency in terms of another.
15. The portion of the profits that a shareholder gets.
19. When two or more firms agree to join together to form a new business.
20. The act of buying or selling using the internet.
21. Costs that do change with output.
22. Growth from merging with or taking over another business.
24. A big business that allows smaller businesses to use its name and sell its products.
26. Integration with a firm at the same stage of production.
27. A document outlining what a business wants to achieve and how it will achieve it.
28. What a stakeholder wants from a business.
30. The four resources that are used in different ways to create businesses.

1. Integration with a firm in a different industry.
2. Another term for internal growth.
3. The value of all of a firms shares.
5. Anyone interested in what a firm does.
7. Buying and selling online using a mobile device.
8. Integration with a firm at more advanced stage of production.
9. A rise in the price of goods or services over time.
12. Occurs when one business buys and takes control of another.
14. Fixed costs + variable costs.
16. Growth from opening new shops, e-commerce, franchising or selling in new markets.
17. The difference between a firms revenue and its total costs (revenue – total costs)
18. Sales x Selling Price.
23. Integration with a firm at a previous stage of production.
25. When a business gets bigger by joining with or buying another business.
29. The cost of borrowing or reward for saving money.