Across
- 4. when one business takes control of another business by purchasing a controlling interest in it
- 5. an individual or business that grants a franchise
- 7. a business that is owned and operated by only one person
- 8. measures the degree to which a goal has been achieved
- 16. the process of identifying the options available and then choosing a specific course of action to solve a specific problem
- 17. the strategies used by a business to gain an ‘edge’ over its competitors
- 19. an improvement on something already established
- 20. the economic, environmental and social performance of a business
- 22. a desired outcome (target) that an individual or business intends to achieve within a certain time frame
- 24. the clear, shared sense of direction that allows people to attain a common goal
- 25. the identification and analysis of the internal strengths and weaknesses of the business, and the opportunities in, and threats from, the external environment
- 26. an individual or business that purchases a franchise
Down
- 1. people who are part owners of a company because they own a number of shares
- 2. when an independent and suitably qualified person — the liquidator — is appointed to take control of the business with the intention of selling all the company’s assets in an orderly and fair way in order to pay the creditors
- 3. when a company is not able to pay its debts as and when they fall due
- 5. buying the rights from another business to distribute its product under its name
- 6. can be defined as the organised effort of individuals to produce and sell, for a profit, the products that satisfy individuals’ needs and wants
- 9. when a person takes advantage of a situation or piece of information for his or her own gain rather than for the employer’s interest
- 10. any group or individual who has an interest in or is affected by the activities of a business
- 11. a feature of corporate ownership that limits each owner’s financial liability to the amount of money he or she has paid for the business’s shares
- 12. allows the manager to see the business as a whole and to take the broad, long term view
- 13. part of a business’s profit that is divided among shareholders
- 14. when there is a maximum difference between the total revenue (that is, the number of sales made multiplied by the price) coming into the business and total costs being paid out
- 15. the set of rules and regulations that control a business
- 18. someone who starts, operates and assumes the risk of a business venture in the hope of making a profit
- 21. the values, ideas, expectations and beliefs shared by members of the organisation
- 22. items that can be seen or touched
- 23. a standard by which something can be measured or judged