Term 2 - Economics

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Across
  1. 3. Businesses contribute to the economy through production, employment and ______ (10)
  2. 6. Achieving maximum output for minimum input (10)
  3. 7. ________ integration is when businesses start performing the role of other businesses in the supply chain (8)
  4. 8. How can economic growth be measured? (3)
  5. 10. Suppliers and competitors belong to the _______ environment (8)
  6. 11. A country's living standards can be measured through both the ______ and non-material living standards (8)
  7. 14. Which environment does the business belong to? (8)
  8. 15. When businesses have lots of market share they also have lots of market ____ (5)
  9. 16. ______ and supply can cause inflation (6)
Down
  1. 1. Measure if goals are achieved or specific milestones (10)
  2. 2. Unemployment can deteriorate the _____ standards of individuals (6)
  3. 4. A business's ability to meet their goals or objectives (13)
  4. 5. The business functions include marketing, operations, human resources and ______ (7)
  5. 8. The destination or broad aims set by the business (5)
  6. 9. The external environment is also the _______ the business operates in (8)
  7. 11. Which environment does society belong to? (5)
  8. 12. Market _____ is when a business has a lot of the sales from that market (5)
  9. 13. _______ of scale is when businesses demand discounts from previous businesses in supply chain (9)