Understanding business activity

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