Understanding business activity

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Across
  1. 3. the next best alternative forgone by choosing another item.
  2. 4. new or small firms usually have it as a primary objective.
  3. 5. the value added to the product when sold
  4. 9. the natural resources that can be obtained from nature
  5. 10. a subset of a population that is used to represent the entire group as a whole
  6. 12. the finance, machinery and equipment needed for the production of goods and services
  7. 16. a formal arrangement by two or more parties to manage and operate a business and share its profits
  8. 18. an individual who creates a new business
  9. 19. a good or service essential for living.
  10. 20. company which is privately held for small businesses
  11. 22. the specific, measurable results that companies hope to maintain as their organisation grows.
  12. 23. taxes on imports
  13. 25. products are being sold in markets all over the world, so there are more competitors in the market
  14. 26. the basic economic problem
  15. 27. income, especially when of an organization and of a substantial nature
  16. 28. the money required in the business.
  17. 29. method of distributing products or services involving a franchisor
Down
  1. 1. an agreement between two or more businesses to work together on a project.
  2. 2. an asset that a lender accepts as security for a loan
  3. 6. the form of recording , watching, auditing.
  4. 7. selling the same product to the whole market with no attempt to target groups with in it
  5. 8. recruitment when a vacancy is filled by an existing employee of the business.
  6. 9. the physical and mental efforts put in by the workers in the production process
  7. 11. a good or service that people would like to have
  8. 13. any fault in equipment that can halt production and waste valuable time.
  9. 14. when one business buys out the owners of another business
  10. 15. a reward, cash or otherwise, that a company gives to its shareholders
  11. 17. the output measured against the inputs used to produce it.
  12. 21. a self-employed person who owns and runs their business as an individual
  13. 24. the owners of a limited company