Unit 1

12345678910111213141516171819202122232425262728293031323334
Across
  1. 5. Growing integration and interdependence of countries lead to consumers having similar tastes.
  2. 10. When a company buys over 50% of the shares of another company and becomes the controlling owner.
  3. 11. A written doc that describes a business, its objectives, strategies, market, financial forecasts.
  4. 13. (Groups of) People who can be affected by and therefore have an interest in any action by an organization.
  5. 14. A group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically.
  6. 15. Buys license from the franchiser to sell products under the business’s name.
  7. 17. Expansion of a business by means of opening new branches aka organic growth.
  8. 19. The process of selling differentiated, unrelated goods or services in new markets.
  9. 22. Land, labor, capital, entrepreneurship.
  10. 23. A small to medium-sized business that is owned by shareholders who are often members of the same family.
  11. 24. Moral guidelines that determine decision-making.
  12. 25. Business expansion achieved by means of merging with or taking over another business from either the same or different country.
  13. 26. The state of being legally responsible for something.
  14. 27. Non-tangible products that are sold to the public.
  15. 29. A legally constituted body with no participation/representation of any government which has a specific aim and purpose.
  16. 30. A model that shows the degree of risk associated with the 4 growth strategies: market penetration, market development, product development and diversification.
  17. 31. Physical goods used by industry to aid in the production of other goods and services.
  18. 33. Applies to businesses that consider the interest of society by taking responsibility for the impact on their decisions and activities on stakeholders.
  19. 34. Two or more businesses agree to work on a particular project and create a separate business division to do so.
Down
  1. 1. The number of people in an economy willing and able to work who cannot find employment.
  2. 2. Someone within a large corporation who takes direct responsibility for turning an idea into profitable finished products.
  3. 3. A statement of the business’s core aims to motivate employees and to stimulate interest by outside groups.
  4. 4. A statement of what the organization would like to achieve or accomplish in the long term.
  5. 6. Comprise org accountable to and controlled by the central or local government.
  6. 7. A business formed by two or more people to carry on a business together, with shared capital investment and usually shared responsibilities.
  7. 8. Someone who takes the financial risk of starting and managing a new venture.
  8. 9. Merger with or takeover of a business in a different industry.
  9. 12. HRM Operations Marketing Finance and Account.
  10. 16. Factors that cause average costs of production to rise when the scale of operation is increased.
  11. 18. Integration with a firm in the same industry and at the same stage of production.
  12. 20. Agreements between firms in which each agrees to commit resources to achieve an agreed set of objectives
  13. 21. Physical and tangible products that are sold to the public.
  14. 28. An organization set up to raise money to help people in need or to support causes that require funding.
  15. 32. sector Comprise businesses owned and controlled by (groups of) individuals.