Across
- 2. rate value of one currency compared to another
- 3. trader single owner with full responsibility
- 5. feature that makes a product stand out
- 8. human effort in production
- 10. limited company (Plc) shares sold publicly on a stock market
- 13. cost benefit lost from the next-best choice
- 15. shared ownership and liability
- 18. liability protects owners’ personal assets
- 19. non-physical actions customers pay for
- 20. of scale higher costs from being too large
- 22. two firms join voluntarily
- 24. value difference between input cost and selling price
- 26. right to operate using another brand
- 28. risk-taker who organises resources
- 29. rival businesses in the same market
Down
- 1. people willing to work but without jobs
- 4. decision-making that combines resources
- 6. share firm’s percentage of industry sales
- 7. of scale lower costs from increased output
- 9. man-made assets used to produce
- 11. organisation that produces to meet demand
- 12. groups affected by business actions
- 14. one firm gains control of another
- 15. limited company (Ltd) shares sold privately with restrictions
- 16. essential requirements for survival
- 17. non-essential desires
- 21. increase in general price levels
- 23. physical products that can be owned
- 25. natural resources used in production
- 27. rates cost of borrowing money