Classification of businesses

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Across
  1. 2. often a large company; owned by shareholders who have limited liability. The company can sell its shares to the general public.rdinary shareholders: the owners of the limited company.
  2. 5. a business organisation that is owned and controlled by the state.
  3. 8. a person or organisation who owns shares in a limited company
  4. 9. the part (sector) of the economy that is owned and controlled by individuals and companies for profit
  5. 10. a business system where entrepreneurs buy the right to use the name, logo and product of an existing business.
  6. 12. the production and supply of goods to the final consumer involves activities from primary, secondary, and tertiary sector businesses
  7. 16. firms in this sector involves the extraction of natural resources
  8. 17. firms in this sector supply a service to consumers and other businesses
  9. 18. often a small to medium-sized company; owned by shareholders who have limited liability. The company cannot sell its shares to the general public.
  10. 20. an economy where the resources are owned and controlled by both the private and public sector
Down
  1. 1. a business that does not have legal identity separate from its owners. The owners have unlimited liability for business debts
  2. 3. if an unincorporated business fails, then the owners might have to use personal wealth to finance any business debts
  3. 4. a business that is owned and controlled by just one person who takes all of the risks and receives all of the profits
  4. 6. two or more businesses agree to work together on a project and set up a separate business for this purpose.
  5. 7. the shareholders in a limited liability company which fails only risk losing the amount they have invested in the company and not any of their personal wealth.
  6. 11. firms in this sector process and manufacture goods from natural resources
  7. 13. a business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and share profit
  8. 14. the part (sector) of the economy that is controlled by the state or government
  9. 15. non-current assets offered as security against borrowing.
  10. 19. a payment, out of profit, to shareholders as a reward for their investment.