Across
- 2. document containing business objectives and important details about operations, finance and owners of business. We need this to get finance from the bank.
- 5. when there are limited resources to produce products and services to meet unlimited wants
- 8. this is the main objective of businesses
- 9. to increase value of product, we can increase the ----
- 10. ----- of labor is when every worker has specialized skills and performs one of the tasks of production process.
- 11. this type of integration means combining two business in same industry but different production stages.
- 14. External growth can be in two ways; ----buy another business which becomes part of the buyer (predator)or ---- two business joined together to make one business.
- 15. this type of integration is known as Diversification; when one business combines with another one in different industry, e.g. when a bank buys a restaurant.
- 16. This sector includes manufacturing goods using raw materials
Down
- 1. is the value of the next best alternative given up when choosing another item.
- 3. ---- is something essential for living
- 4. teacher is an example for his production factor
- 6. banking, retail, hotels are example of this sector
- 7. coffee machine is an example of this production factor
- 8. this sector has more Capital (money invested by owners) than the sector owned by government.
- 12. to increase value of product, we can decrease the ----
- 13. De-industrialization is when the importance of manufacturing sector in a country -----.