Business Key Words

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Across
  1. 3. The percentage of total sales or total output that a business has in a specified market.
  2. 4. The decisions which the law and Government make, for example, tax, minimum wage etc.
  3. 11. Specific, Measurable, Achievable, Relevant and Time-bound.
  4. 12. Business partners are only liable for the amount of money they have to put into the company.
  5. 13. A company with the largest market share in an industry can often use its dominance to affect the competitive landscape and direction the market takes.
  6. 14. A product, service, business model, or strategy that’s both novel and useful. These do not have to be major breakthroughs in technology or new business models, they can be simple, little things such as upgrades to a company’s service or features added to an existing product.
  7. 15. The size of the economy at a point in time . It measures all the total value of all goods made, and services provided, during a specific period of time.
  8. 16. The people who do not directly work with the company but are still somehow affected by the outcomes and actions of the business.
  9. 17. Setting your company apart from the competition through a specific element, for example, your distribution network and price point.
  10. 18. How effectively a company generates products and services related to the amount of time and money needed to produce them.
Down
  1. 1. A personnel of a business or organisation, regarded as a significant asset in terms of skills and abilities.
  2. 2. The people whose interest in a company comes through a direct relationship, for example, employment, ownership or investment.
  3. 5. The assistance and advice provided by a company to those people who buy or use its products or services.
  4. 6. Run a business yourself as an individual and you are self-employed. Can keep all the business’s profits after you have paid tax and you are fully responsible if there are any losses within the business.
  5. 7. A marketing framework to analyse the environment in which a company can operate. The 5Cs include: Company, Collaborators, Customers, Competitors and Context.
  6. 8. Happens within one company, including the purchase and delivery of raw materials, packaging shipment and transportation of goods to distributors.
  7. 9. Work directed towards the innovation, introduction, and improvement of products and processes.
  8. 10. The essence of what makes your product or service better than competitors.