BM - Unit 1

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Across
  1. 2. The area of economic activity that provides services.
  2. 10. The reduction in per-unit production cost as a business grows.
  3. 13. sector The portion of an economy not owned or directed by the government.
  4. 14. A business owned and run by one person; there is no legal separation between the owner and the business.
  5. 15. The portion of the economy controlled or owned by the government such as government services, schools and state-owned businesses.
  6. 16. Any individual or group that affects, or is affected by, an organisation.
  7. 17. A situation where a company sells all or part of the business to external shareholders for the first time.
  8. 19. Any organisation that has a social and/or environmental purpose at its core; it describes the primary purpose of a business, not its legal form.
  9. 20. A company that is publicly owned and and has many shareholders who can buy and sell their shares through a stock exchange.
Down
  1. 1. The area of economic activity involved with knowledge and the movement of information.
  2. 3. Someone who owns part of a business.
  3. 4. A company that is privately owned and often has family or friends as the shareholders; the shares are not sold to the wider public and are not traded on a stock exchange.
  4. 5. A form of external growth where two businesses create, own and operate a third organisation.
  5. 6. A business management tool that analyses the external conditions that may be opportunities or threats for a business
  6. 7. The increase in the per-unit production cost as a business grows.
  7. 8. A type of non-profit social enterprise that often operates on a large scale, nationally or internationally. NGOs are not operated by governments, but may receive some funding from governments or cooperate with governments.
  8. 9. A form of external growth where two businesses combine to form a new business; the new business replaces the two that existed before the merger.
  9. 11. A company that operates in at least two countries, one of which is not the company's home country
  10. 12. Businesses actively seeking ways to improve society and the environment through core business activities and business designs.
  11. 16. A form of external growth where two or more businesses work together to achieve common objectives but do not create a new enterprise.
  12. 18. A form of external growth where one company purchases another company; it is usually friendly or desired by the company being taken over.