Unit 1 Crossword

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Across
  1. 5. A legal protection where shareholders only lose the amount they invested if the business fails.
  2. 7. Higher average costs of production as a firm grows too large and becomes inefficient.
  3. 8. The concept that a business should act ethically and be accountable for its impact on society.
  4. 9. An individual who plans organizes and manages a business taking on financial risks for profit.
  5. 11. When a business expands using its own resources like increasing production or opening new branches.
  6. 13. The sector of the economy that provides services such as banking, retail, and tourism.
  7. 17. A business owned by shareholders with limited liability but whose shares cannot be bought by the general public.
  8. 19. An optimistic and long-term declaration of what the organization ultimately wants to become.
  9. 22. A business owned by 2 to 20 people who share profits and legal responsibilities.
  10. 25. Short term goals set by middle management to achieve the broader strategic aims.
  11. 27. A self-employed person who runs and owns the business alone.
  12. 28. A framework used to analyze the external environment including Social and Technological factors.
Down
  1. 1. The sector of the economy focused on intellectual activities like R&D and IT consultancy.
  2. 2. Two or more businesses agree to split the costs and risks of a specific new project.
  3. 3. The concept that the combined value and performance of two companies will be greater than the sum of the separate parts.
  4. 4. The sector of the economy involved in manufacturing or constructing finished products.
  5. 6. A simple declaration of why an organization exists and its current purpose.
  6. 9. Lower average costs of production as a firm operates on a larger scale.
  7. 10. The legal obligation of a sole trader to pay all business debts even using personal assets.
  8. 12. A company that allows the general public to buy and sell its shares on a stock exchange.
  9. 14. An individual who behaves like an entrepreneur but within a large organization.
  10. 15. An agreement where a business sells the right to others to provide its products under its brand name.
  11. 16. The sector of the economy involved in the extraction or harvesting of natural resources.
  12. 18. A non-profit social enterprise that operates in the private sector for the benefit of society.
  13. 20. Growth achieved through dealings with outside organizations like mergers or joint ventures.
  14. 21. Long term goals set by senior management to guide the entire organization.
  15. 23. When the interests of different groups like employees and shareholders cannot be satisfied at the same time.
  16. 24. A revenue generating business with primarily social or environmental objectives.
  17. 26. Any individual or group with a direct interest in or affected by the activities of a business.