Across
- 4. the physical and mental efforts put in by the workers in the production process.
- 5. next best alternative forgone
- 7. Horizontal integration brings together two firms in the same industry who are also in the same sector of business activity.
- 10. occurs when a person or organization concentrates on a task at which they are best at.
- 11. a document containing the business objectives and important details about the operations, finance and owners of the new business.
- 13. If the firm operates in areas where the total number of customers is small
- 14. the aims and targets that a business works towards to help it run successfully.
- 17. Control and manage business operation
- 18. want to know if they will get paid on time for goods supplied on credit.
- 20. S of SMART
Down
- 1. legal agreement between two or more
- 2. a good or service which people would like, but is not essential for living.
- 3. expansion of business
- 6. arguments may occur between partners while making decisions.
- 8. the natural resources that can be obtained from nature.
- 9. M of SMART
- 12. a good or service which is essential to living.
- 15. individual or group who may be affected by decisions and activities of a business.
- 16. Complete the task or job assign to them.
- 18. there are not enough goods and services to meet the wants of the population.
- 19. T of SMART