Across
- 3. a business owned and operated by one person
- 5. a business that is licensed to operate under the name of an existing business and distribute its goods or services
- 9. businesses that sell products which are aimed at the same customers
- 11. a business that operates by selling goods and services to the customer at a price higher than the cost to produce or purchase the goods in bulk. Examples include Kmart and Target.
- 12. a means by which local councils allocate land for different uses, such as residential, commercial, recreational and industrial
- 13. goods and services that are produced overseas and sold to Australian consumers
- 14. a business that produces physical goods, often in a factory. These goods are then sold to wholesalers or directly to retailers who then sell the good on to customers at a marked-up price.
- 21. factors over which the business has some degree of control; it is sometimes called the micro environment.
- 23. the process that a business goes through to become a registered company and a separate legal entity
- 24. the owners of a company who are entitled to a share of its profits
- 25. factors over which the business has little control. It may be further divided into two categories: operating and macro.
- 26. the traditional business model that is based on a store with a physical presence, such as those located on shopping strips and in shopping centres
Down
- 1. an agreement whereby the franchisor grants the franchisee the rights to use its business name and distribute its goods or services
- 2. an incorporated business with a minimum of 1 shareholder and a maximum of 50 non-employee shareholders
- 4. when a business sells to others the rights to distribute its goods and use the business name
- 6. the broad conditions and trends in the economy and society within which a business operates
- 7. any group or individual who has an interest in, or is affected by, the activities of a business
- 8. an incorporated business with a minimum of one shareholder (and no maximum), and whose shares are openly traded on the Australian Securities Exchange
- 10. when the business owner is personally responsible for all the debts of their business
- 15. the owner of the original business concept that licenses another business to use its name and distribute its goods or services in exchange for royalty payments and fees
- 16. the specific outside stakeholders with whom the business interacts in conducting its business; it is sometimes called the task environment.
- 17. the surrounding conditions in which the business operates. It can be divided into two broad categories: internal and external.
- 18. an unincorporated business structure with a minimum of 2 and a maximum of 20 owners
- 19. the business model that offers customers the choice of online shopping as well as shopping at the physical store
- 20. the way in which the business will run its operations to generate a profit
- 22. when the shareholders of a company cannot be held personally responsible for the debts of the business