Across
- 4. A business system where entrepreneurs buy the right to use the name, logo and product of an existing business.
- 7. There are not enough goods and services to mmet the wants of the population.
- 8. The limited _____ is when the owners of the business only risk to lose the money invested in the business.
- 11. An individual who has an idea for a new business and takes financial risks.
- 13. Physical goods such as machinery and vehciles used for the business to create other goods or services.
- 14. Non-current assets offered as security against borrowing.
- 18. A payment, out of profits for the shareholders for their investments.
- 19. The owners of a limited liability company.
- 21. A business in the ____ sector supplies services to consumer and other businesses.
- 22. An individual or group which has an interest in a business because they are affected by its activities.
- 24. The revenue of a business expressed as a percantage of total market revenue.
- 26. People and businesses concentrate on what they are the best at
- 27. A good or service that is essential to living
Down
- 1. The ______ cost is the benefit that could've been gained from an alternative use of the same resources.
- 2. A business in the ____ sector extracts natural sources from the Earth.
- 3. A business formed by two or more people who usually share responsibility for the day-to-day running of the business and share profits.
- 5. A business that is controlled and owned by just one person who takes all the risks and receives all the profit.
- 6. A business organisation that is owned and controlled by the state.
- 7. A person or organisation who owns shares in a limited company.
- 9. The _____ of labour is the production process in which the employees are given different tasks.
- 10. A good or service that people would like, but is not essential for living
- 12. Consumer _____ are tangible products sold to the customer such as food, computers etc.
- 15. An economic system in which some industries are controlled privately and some by the gouverment.
- 16. The amount a business earns from its sales.
- 17. A statement of a specific target to be achieved.It should be SMART.
- 20. ____ capital is the finance needed to start a business.
- 23. A business in the ____ sector proceeds to create goods from natural resources.
- 25. Consumer ____ are non-tangible products such as insurance or transport.