Business Challenge

4. high-risk growth strategy that involves a business selling new products in new markets.
7. where people have disagreements on certain matters due to differences in their opinions.
9. number of people in the workforce who are willing and able to work but cannot find a job
10. a type of government policies used to safeguard the interest of domestic industries from foreign competition
12. termination of a worker's employment due to incompetence.
14. process of providing opportunities for workers to acquire employment
15. or organizations that have a direct interest in the activities and performance of a business
17. process of sifting through applications to identify suitable candidates for the job.
18. that provide a diversified range of products and operate in an array of different industries.
20. price level in an economy continuously rises.
22. the integration and interdependence of economic, social, technical and cultural issues of the world's economies
23. type of tax on imports
24. form of growth whereby two or more firms agree to form a new organization, thereby losing their original identities.

1. process of hiring suitable workers.
2. type of trade barriers which are quantity limits on the sale of foreign imports
3. a staff member from a department to other areas of the business
5. the moral values that determine affect business behavior and decision making
6. agreement between a franchisor selling its rights to other businesses to allow them to sell products under its name in return for a fee and royalty payments.
8. short-term methods that firms can use to achieve their objectives.
11. the employer can no longer afford to hire the worker
13. removal of government rules and regulations which constrain an industry.
16. method of workforce planning whereby employees work in a location away from the workplace.
19. one of the factor stimulating the growth in globalization
21. form of external growth whereby one firm buys up another by purchasing a controlling interest in that company