U1T1 Revision Crossword

1. A business ownership structure where two or more people share ownership and responsibility
4. The ability of a business to compete effectively in the market against rivals
6. leadership A leadership style where the leader inspires and motivates employees to achieve change
8. The stage of the business life cycle where a business expands sales and market share
9. Individuals or groups who have an interest in the actions and performance of a business
10. statement A statement explaining why a business exists and what it aims to achieve
12. The ability of a business to use resources effectively to achieve goals
13. A statement describing the long-term purpose and future direction of a business
14. The stage of the business life cycle where a business is first established and begins operations
18. leadership A leadership style where managers give clear directions and expect employees to follow them
19. The stage of the business life cycle where growth slows and competition increases
20. The shared values, beliefs and behaviours that influence how people work in a business

2. An analytical tool used to analyse political, economic, sociocultural and technological factors
3. planning The process where managers set goals and determine strategies to achieve them
5. An analytical tool used to identify strengths, weaknesses, opportunities and threats
7. environment External factors such as customers, suppliers and competitors that directly affect a business
11. structure The internal structure showing roles, responsibilities and reporting relationships in a business
15. company A business ownership structure where the company is a separate legal entity and owners have limited liability
16. A short-term action used to implement a strategy and achieve an objective
17. business functions The main functional areas of a business including marketing, operations, finance and human resources