Across
- 2. A business owned and operated by one person.
- 3. Revenue – Costs
- 5. Long term goal, that describe what the business wants to be or do. (provides direction)
- 6. 2 or more people who wish to carry on business together with shared capital investment and shared responsibilities, with the view to making a profit.
- 8. A company is a business that is a separate legal entity from the people who have a financial interest in the business, known as shareholders.
- 9. Specific, measurable, achievable/attainable, relevant, time based.
- 10. External, medium term finance, arranged with the bank for the purchase of business assets such as vehicles and machinery.
- 11. Something you owe
- 14. Something you own
Down
- 1. The owner of the business is responsible for all debts and personal assets may be sold to cover these.
- 3. Origin or reason for being
- 4. In the event of business failure the owners of the company only lose the money they contributed to the company in payment of the shares. Private asset cannot be touched.
- 7. targets a business works towards. This should support the overall mission/vision of the business.
- 9. People or groups of people who can be affected by, and therefore have an interest in any action by an organisation.
- 12. someone who is willing to take the responsibility, risk and rewards of starting and operating a business
- 13. shows what the business believes in and what it wants to achieve.