Unit 3 Key words

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Across
  1. 3. A named product which consumers see as different from others
  2. 5. Where a supplier gives a customer a period of time to pay for a bill for goods or services once they have been delivered.
  3. 6. Also known as income Price x quantity
  4. 8. A cost which changes by output e.g stock
  5. 10. Sales revenue- Total costs
  6. 13. Actual output- Breakeven output
  7. 17. businesses which buy in bulk ad then sell stock on in smaller quantities to retailers
  8. 18. borrowing money from a bank by drawing more money that is actually in a current account. Interest is charged.
  9. 20. Research involving asking questions
  10. 21. ideas about what is morally right in business
Down
  1. 1. A company which is not listed on the stock exchange
  2. 2. A small group of the total population which is selected to take part in market research
  3. 3. The point when total revenue= total costs calculated by: Fixed costs divided by (selling price- variable cost per unit)
  4. 4. One way of measuring the success of a businesses operations, it is calculated by Total output divided by number of workers
  5. 7. Differentiating a product from rivals
  6. 9. Giving more responsibility to workers further down the chain of command in a hierarchy
  7. 11. Payment system where earning determined by how much sales staff sell
  8. 12. A method of import protection which places taxes on goods brought into the country
  9. 14. workers in the hierarchy who work under the control of a more senior worker
  10. 15. A cost which does not change by output e.g rent
  11. 16. A company which is listed on the stock exchange
  12. 19. Products on the boston matrix which has low market share and low market growth