The Business Idea Unit 1 AOS 2

123456789101112131415
Across
  1. 5. A traditional business that has a physical store
  2. 7. A business that occurs over the internet
  3. 9. This is a business which has one owner who is the sole person legally responsible for the business and has full decision-making authority.
  4. 11. Tools and equipment that is used to produce goods or perform services
  5. 12. This is a business with a minimum of 2 and a maximum of 20 owners that is unincorporated.
  6. 13. This is a business whose shares are traded on an open market such as the Australian Stock Exchange (ASX) which has an unlimited number of shareholders
  7. 14. This is a form of long-term borrowing which are funds provided by a bank or other lender for a specific purpose which is repaid over a period of time.
  8. 15. What type of resource is a raw fish used by a fish and chip shop
Down
  1. 1. This is an incorporated business with a maximum of 50 shareholders.
  2. 2. This is a form of short-term borrowing that allows a business to overdraw its account up to an agreed amount, meaning the business can withdraw cash even when there is no money in their account.
  3. 3. This is a form of short-term borrowing and is when a supplier provides goods/services to a business and allows them to pay at a later date as determined by the supplier.  This is generally between 30 and 90 days after the original purchase.
  4. 4. What type of resource is a tractor on a small commercial farm
  5. 6. How far/close a business is to their customer
  6. 8. A resource used by businesses that comes from a natural environment
  7. 10. This is a form of long-term borrowing which involves paying money in order to use equipment that is owned by another party.