Term 1 Review

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Across
  1. 2. Companies owned by shareholders but can't sell shares to the public
  2. 7. A business owned by 1 person
  3. 14. Company sales / Total market sales X100
  4. 17. Where 2 or more businesses start a new project together
  5. 19. This sector provides services
  6. 21. Shareholders are only liable for the amount they invested
  7. 22. Selling price - Cost of bought-in materials
  8. 23. Unlimited wants + Limited resources =
  9. 26. Liability where the owners are held responsible for the debts of the business
  10. 27. A business that doesn't have separate legal identity
  11. 29. The next best alternative given up by choosing another item
  12. 30. Businesses owned and operated by the government
  13. 33. This sector extracts and uses natural resources to produce raw materials
  14. 34. Involves workers swapping around and doing different tasks for a limited time
  15. 35. Wages paid for each unit of output
  16. 36. Payments made to shareholders from profits of the business
Down
  1. 1. Companies that sell shares on the stock exchange
  2. 3. When people/businesses concentrate on what they are best at
  3. 4. Business jointly owned by 2 or more people
  4. 5. Any person or group with an interest in a business
  5. 6. Involves adding tasks that require more skill or responsibility
  6. 8. When owners of 2 businesses agree to join their businesses into 1
  7. 9. Owners of limited companies
  8. 10. Integrating with another business in same industry at same stage of production
  9. 11. Land, Labor, Capital, Enterprise
  10. 12. Integrating with another business in the same industry at a different stage of production
  11. 13. Aims or targets a business works towards
  12. 15. This sector manufactures goods
  13. 16. This economy has both private and public sectors
  14. 18. The total value of capital used in a business
  15. 20. When one business buys out the owners of another business
  16. 24. The process of improving a worker's skills
  17. 25. Integrating with another business in a different industry
  18. 28. Payment related to number of sales made
  19. 31. An additional payment above basic pay as reward for good work
  20. 32. Payment, usually paid monthly