Starting a Business Vocabulary

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Across
  1. 3. the coordination of the human, physical, financial and information resources to achieve the goals of the business
  2. 5. if the business cannot pay its debts, a shareholder generally loses only the money he or she invested in the business
  3. 6. amount remaining when the cost of goods sold is deducted from revenue
  4. 11. the group of customers to whom the business intends to sell its products
  5. 13. the monetary value of a business’s reputation
  6. 16. amount remaining when operating expenses are deducted from gross profit
  7. 18. the income earned by a business
  8. 19. when a business owner is personally responsible for all the debts of his or her business
  9. 20. a thing of value owned by a business
  10. 21. a business owned and operated by 2–20 people
Down
  1. 1. the ability of a business to develop strategies that ensure it has an ‘edge’ over its competitors
  2. 2. methods used by a business to inform, persuade and remind customers about its products
  3. 4. the process of identifying and minimising the risks faced by a business
  4. 7. the total market the value of the business to the owner(s)
  5. 8. when the company has become a separate legal entity from its owners (shareholders)
  6. 9. collecting and analysing information about customers and the business opportunities available
  7. 10. the ability of a business to pay its debts on time
  8. 12. someone who starts, operates and assumes the risk of a business venture in the hope of making a profit
  9. 14. a business owned and operated by one person
  10. 15. the rights from a manufacturer to distribute its products under its name
  11. 17. the debts owed by a business to others