BUSINESS

3. Anything that confers value or benefit to its owners.
5. a business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
6. a legal entity formed by a group of individuals to engage in and operate a business
9. a certificate confirming part-ownership of a company and entitling the shareholder owner to dividends and certain shareholder rights.
11. a person or business that buys the right from the franchiser to operate the franchise
13. When a company buys more than a half of the shares of another company and becomes its controlling owner.
15. Literally means that 'the whole is greater than the sum of parts' - it is often assumed that the new business will be more successful than the original separate business.
17. selling price times quantity sold
20. an individual who has the idea for a new business, starts it up and carries most of the risks but benefits from the rewards.
21. productive work

1. the process of differentiating a product by developing a symbol, name, image or trademark for it.
2. an individual consumer or organisation that purchases goods or services from a business.
4. the legal right to use the name, logo and trading system of an existing successful.
7. an individual who purchases goods and services for personal use.
8. a business employee who takes direct responsibility for turning an idea into a profitable new product or business venture.
10. a person or business that sells the right to open stores and sell products or services, using the brand name and brand identity.
12. a person or institution owning shares in a limited company
14. the action of showing initiative to take the risk to set up a business
16. a jointly owned business operated by members for their mutual benefit, to produce goods
18. an agreement by owners and managers of two businesses to bring them together in a new combined business.
19. money you have after paying for business expenses.