Across
- 2. rate – Value of one currency against another.
- 3. trader – Single owner with full responsibility.
- 5. – Feature that differentiates a product.
- 8. – Human effort in production.
- 10. limited company (Plc) – Shares sold publicly on a market.
- 13. cost – Benefit lost from the next-best choice.
- 15. – Shared ownership and shared liability.
- 18. liability – Owner’s personal assets are protected.
- 19. – Non-physical actions customers pay for.
- 20. of scale – Higher costs from being too large.
- 22. – Two firms join voluntarily.
- 24. value – Increase between input cost and selling price.
- 26. – Right to operate using another brand.
- 28. – Risk-taker who organises resources.
- 29. – Rival firms in the same market.
Down
- 1. – People able to work but jobless.
- 4. – Decision-making that combines all resources.
- 6. share – Firm’s proportion of industry sales.
- 7. of scale – Lower costs from larger output.
- 9. – Man-made assets used to produce.
- 11. – Organisation that produces to meet demand.
- 12. – Groups affected by business decisions.
- 14. – One firm gains control of another.
- 15. limited company (Ltd) – Shares sold privately; restricted transfer.
- 16. – Essential requirements for survival.
- 17. – Non-essential desires.
- 21. – Rise in general price levels.
- 23. – Physical products that can be owned.
- 25. – Natural resources used in production.
- 27. rates – Cost of borrowing money.