What is business - key terms

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Across
  1. 4. The process of making goods and providing services from the available resources of a business to meet the needs and wants of its customers.
  2. 7. A business-minded person who manages, organizes and plans the production process, taking risks with business decision-making.
  3. 9. Business activity involving the creation or sharing of knowledge and information.
  4. 13. The collective term for the resources used in the production process, i.e. land, labour, capital and entrepreneurship.
  5. 14. Business activity that involves providing services to customers, i.e. consumers and business clients.
  6. 15. The process of producing a particular good or service that is worth more than the cost of the resources used to produce it
  7. 16. Describes the traits of individuals who work for an organization (so are not self-employed) but act as entrepreneurs.
  8. 17. The numerical difference between the cost of factor inputs in the production process and the price that the final output is sold for.
  9. 18. A decision-making organization established to produce goods and/or provide services.
  10. 19. An official document with details of an organization and the proposals for reaching its aims and objectives (goals).
Down
  1. 1. The process of creating goods and/or services using the factors of production available to the business.
  2. 2. The function that handles all aspects relate to the workforce, involving all aspects of business operations related to staff (personnel) within an organization.
  3. 3. Business activity involved with the manufacturing or construction of finished products.
  4. 5. Function of an organization responsible for ensuring that the business has sufficient funds in order to conduct its daily operations.
  5. 6. Business activity involved with the extraction of natural resources, e.g. fishing, mining and agriculture.
  6. 8. Intangible products, such as haircuts, tourism, public transport, banking, insurance education, and healthcare.
  7. 10. Function of identifying the needs and wants of customers so that the business can provide goods and services to meet these requirements and desires, usually in a profitable way.
  8. 11. The knowledge, skills and experiences of individuals who have the capability to manage the overall production process.
  9. 12. Physical products, such as food, clothes, furniture, cars and smartphones.