Unit 3 Chapter 1 Business Studies Crossword

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Across
  1. 5. when a business generates just enough revenue to cover its total costs
  2. 7. association an organisation whose members are all involved in the same industry or trade. The organisation pursues the interests of these businesses.
  3. 9. acronym for the attributes of a good objective
  4. 10. an audit of the external environment in which a business finds itself, such as the market within which it operates or government restrictions (i.e. limits) on its operations.
  5. 11. the competition that exists between businesses operating in the same market.
  6. 14. statement a brief statement written by the business, describing its purpose and objectives
  7. 15. a process which involves making the vision for the future of a business easier to understand. It also involves identifying the goals that need to be achieved in order to realise that.
Down
  1. 1. developing new products in new markets
  2. 2. providing loans to individuals or businesses through online services that match lenders with borrowers.
  3. 3. A group of businesses that act together to reduce competition in a market-by fixing prices,for example monopoly a market dominated by single businesses - oligopoly a market dominated by a few large businesses.
  4. 4. analysis of the external political,economic,social,technological,legal and environmental factors affecting a business.
  5. 6. setting a low price to force rivals out of business.
  6. 8. analysis is an analysis of the internal strengths and weaknesses of the business and the opportunities and threats presented by its external.
  7. 12. the sale of company shares to the public for the first time. The shares are then traded on the stock market.
  8. 13. an analysis of the business itself and how it operates.