Business Challenge

4. the number of people in the workforce who are willing and able to work but cannot find a job
7. 1+1=3
9. a high-risk growth strategy that involves a business selling new products in new markets.
12. an 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.
13. general price level in an economy continuously rises.
14. the termination of a worker's employment due to incompetence.
15. the process of hiring suitable workers.
16. a type of trade barriers which are quantity limits on the sale of foreign imports
17. individuals or organizations that have a direct interest in the activities and performance of a business
19. transferring a staff member from a department to other areas of the business
21. the process of providing opportunities for workers to acquire employment
22. the moral values that determine affect business behavior and decision making

1. one of the factor stimulating the growth in globalization
2. the integration and interdependence of economic, social, technical and cultural issues of the world's economies
3. a method of workforce planning whereby employees work in a location away from the workplace.
5. a form of external growth whereby one firm buys up another by purchasing a controlling interest in that company
6. a form of growth whereby two or more firms agree to form a new organization, thereby losing their original identities.
8. a type of government policies used to safeguard the interest of domestic industries from foreign competition
9. the removal of government rules and regulations which constrain an industry.
10. the process of sifting through applications to identify suitable candidates for the job.
11. business that provide a diversified range of products and operate in an array of different industries.
15. when the employer can no longer afford to hire the worker
18. situations where people have disagreements on certain matters due to differences in their opinions.
20. a type of tax on imports
21. the short-term methods that firms can use to achieve their objectives.