Understanding Business Activity and People in Business

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Across
  1. 2. These companies can sell shares, unlike partnerships and sole traders, to raise capital
  2. 4. a document containing the business objectives and important details about the operations, finance and owners of the new business
  3. 5. any person or group that is interested in or directly affected by the performance or activities of a business
  4. 6. a person who organizes, operates and takes risks for a new business venture
  5. 9. a company typically in the early stages of its development
  6. 11. where the government owns and runs business ventures
  7. 12. types of motivators such as free healthcare, children’s education fees paid for, company vehicle, etc.
  8. 14. the enjoyment derived from the feeling that you’ve done a good job
  9. 19. the basic economic problem where there are unlimited wants and limited resources
  10. 20. this can be defined as the proportion of total market sales achieved by one business
  11. 21. the aims and targets that a business works towards to help it run successfully
  12. 25. this consist of all the services provided in an economy (hotels, travel agencies, hair salons, banks)
  13. 26. this involves the manufacture of goods using the resources from the primary sector (auto-mobile manufacturing, steel industries, cloth production)
  14. 27. the reason why employees want to work hard and work effectively for the business
  15. 29. Two or more owners who can sell its’ shares to any individual/organization in the general public through stock exchanges
  16. 30. when a business expands its existing operations
Down
  1. 1. a good or service essential for living. Examples include water and food and shelter
  2. 3. the next best alternative forgone by choosing another item
  3. 7. They purchase and consume the goods and services that the business produces/ provides
  4. 8. types of motivators such as wages, salaries, commissions, etc.
  5. 10. a legal agreement between two or more people to own, finance and run a business jointly and to share all profits
  6. 13. this involves the use/extraction of natural resources (agricultural activities, mining, fishing, wood-cutting, oil drilling)
  7. 15. resources required to produce goods or services and are classified into four categories
  8. 16. when a business takes over or merges with another business
  9. 17. One or more owners who can sell its’ shares to only the people known by the existing shareholders
  10. 18. where private individuals own and run business ventures
  11. 22. a good or service that people would like to have, but is not required for living
  12. 23. they are also employees but control the work of others
  13. 24. involves workers swapping around jobs and doing each specific task for only a limited time and then changing round again
  14. 28. A business organization owned and controlled by one person