Across
- 1. The act of working together with others to achieve a common objective or complete a task. Collaboration fosters teamwork, communication, and the sharing of knowledge and resources, leading to improved efficiency and innovation within a business.
- 3. The process of introducing new ideas, products, or services that bring about positive changes and advancements within a business or industry. Innovation often involves creative thinking, problem-solving, and the implementation of novel concepts to gain a competitive edge.
- 6. The strategic process of promoting and selling products or services to customers. It involves understanding consumer needs, developing effective advertising campaigns, conducting market research, and utilizing various channels to reach the target audience.
- 8. The principles and standards that guide ethical behavior and decision-making within a business context. Business ethics emphasize integrity, fairness, transparency, and social responsibility in conducting business operations and interactions with stakeholders.
- 10. The provision of assistance, support, and satisfaction to customers before, during, and after the purchase of a product or service. Excellent customer service involves addressing inquiries, resolving complaints, and ensuring a positive customer experience to foster loyalty and repeat business.
- 13. A plan or set of actions designed to achieve specific long-term goals for a business. Strategic decisions involve analyzing market trends, competition, and internal capabilities to formulate effective approaches for success and sustained growth.
- 14. The process of identifying, assessing, and minimizing potential risks that may impact a business's objectives or operations. Risk management involves implementing strategies, policies, and controls to mitigate risks and ensure the organization's resilience and continuity.
- 15. The activity of starting, managing, and taking risks in a business venture with the aim of making a profit. Entrepreneurs identify opportunities, develop innovative ideas, and take initiatives to establish and grow successful enterprises.
Down
- 2. The process of establishing and maintaining professional relationships and connections with individuals or organizations within a particular industry or field. Networking helps in building a support system, gaining opportunities, and exchanging information for business growth and success.
- 4. The department or function within a business responsible for managing and developing the organization's workforce. Human resources activities include recruitment, employee training, performance evaluation, compensation, and maintaining a positive work environment.
- 5. The process of gathering and analyzing data about target markets, consumers, and competitors to make informed business decisions. Market research helps businesses understand customer preferences, identify market trends, evaluate competition, and develop effective marketing strategies.
- 7. The network of individuals, organizations, resources, and activities involved in the production, distribution, and delivery of goods or services to customers. Effective supply chain management aims to optimize efficiency, minimize costs, and meet customer demands in a timely manner.
- 9. The buying and selling of goods or services over the internet or through electronic platforms. E-commerce encompasses online retail, electronic payments, digital marketing, and other related activities that facilitate transactions and business operations in the online realm.
- 11. The ability to guide, motivate, and influence individuals or teams towards achieving common goals within a business or organization. Effective leadership involves strong communication, decision-making, and the ability to inspire others to perform at their best.
- 12. The management of money and financial resources within a business or organization. Finance includes activities such as budgeting, investing, financial analysis, and strategic planning to ensure financial stability, growth, and profitability.