Across
- 1. an example of a variable cost
- 5. an example of a fixed expense
- 9. an item that is manufactured for sale
- 10. the level of output at which total revenue equals to costs(2 words)
- 11. an individual who chooses to work for someone else
- 12. the process of receiving and paying cash for sales and expenses
- 13. one method of financing a business (2 words)
Down
- 2. money that is required to finance a new business(2 words)
- 3. an individual who undertakes the risk of starting a new business
- 4. the amount of money for which a product or service can be sold in order to cover production
- 6. the positive difference between amount earned and spent on producing a good or service
- 7. business expenses that increase or decrease as output increases and decreases(2 words)
- 8. business expenses that remain the same no matter how many goods or services are provided( 2 words)
- 14. an activity that is carried out to earn an income