BLC and Cessation

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Across
  1. 3. This occurs when an independent administrator is appointed to operate the business voluntarily in the hope of trading out of the present financial problems.
  2. 6. When the owners of two separate businesses agree to combine their resources and form a new organisation.
  3. 7. When an independent and suitably qualified person is appointed to take control of the business with the intention of selling all the company’s assets in an orderly and fair way in order to pay the creditors.
  4. 10. All money coming into the business in the form of cash receipts, and the money leaving the business as cash payments.
  5. 12. When a company is not able to pay its debts as and when they fall due is known as being.
  6. 15. The process of converting the assets of a business into cash.
  7. 17. When there is a lack of sufficient funds to operate a business normally.
  8. 18. When one business takes control of another business by purchasing a controlling interest in it.
  9. 19. Part of the Post Maturity stage of the BLC where a business would under go a revival by way of a new product or service or exploring new markets.
  10. 20. cessation occurs when the owner ceases to operate the business of their own accord.
Down
  1. 1. Where a business has a receiver take charge of the affairs of the business.
  2. 2. cessation occurs when the owner is forced to cease trading by the creditors of the business.
  3. 4. Business Life Cycle.
  4. 5. Integration occurs when a business acquires or merges with another firm that makes and sells similar products.
  5. 8. When a business acquires or merges with a business in a completely unrelated industry.
  6. 9. A stage of increasing sales and positive cash with the challenge of expanding to rapidly.
  7. 10. People or businesses who are owed money.
  8. 11. Start-up, birth, commencement.
  9. 13. Integration occurs when a business expands at different but related levels in the production and marketing of a product.
  10. 14. Sales plateau, controlling costs are the main impact on profit, complacency could be a challenge.
  11. 16. A declaration that an unincorporated business or person is unable to pay his or her debts.