Business Key Words

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Across
  1. 3. anything that gives a company an edge over its competitor, helping it attract more customers and grow its market share.
  2. 4. how effectively a company generates products and services related to the amount of time and money needed to produce them.
  3. 15. the department within a business that is responsible for all the things worker-related.
  4. 16. is anything that threatens an organisation’s ability to generate profits as its target levels.
  5. 21. the group of roles, relationships and responsibilities that outline how your company’s activities are directed to meet its goals.
  6. 22. those who do not directly work with a company but are affected by the actions and outcomes of the business.
  7. 23. an important criteria for setting goals and objectives to manage your staff or company.
  8. 25. the direct one to one interaction between a consumer making a purchase and a representative of the company that is selling it.
  9. 26. is a company's approach to determining the price at which it offers a good or service to the market.
  10. 27. trader- To run an own business as an individual and are self employed.
Down
  1. 1. the things that affect the habits and spending of customers.
  2. 2. those within a company whose interests stem from direct employment, ownership or investment.
  3. 5. is a measurement that describes how well the manufacturing process develops products to fit their initial design specifications.
  4. 6. the conditions that exist in a business environment.
  5. 7. an increase in the outputs possible with a given level of inputs through the process of invention, innovation and diffusion.
  6. 8. fundamental data about an economy or market that influences business performance.
  7. 9. is an action based statement that declares the purpose of an organisation and how they serve their customers.
  8. 10. is used to describe a project or venture undertaken for gain.
  9. 11. Mission/Vision/Values- the overall target or goal of the business
  10. 12. they are spurred by a collective desire to make the world a better place.
  11. 13. laws and regulations created and enforced by national government and international bodies.
  12. 14. is the set of guiding principles and fundamental beliefs that helps a group of people function together as a team and work towards the business goals.
  13. 17. the activities of the respective government towards the trade and commerce of that county.
  14. 18. a measure of an organisation's profit relative to its expenses. the total business income is greater than the total business costs
  15. 19. a set of beliefs and behaviours that guide how a company’s management and employees interact and handle external business transactions.
  16. 20. a company with the largest market share in an industry that can often use its dominance to affect the competitive landscape and direction the market takes.
  17. 24. is the goal for what the business will be in the future.