Across
- 2. physical products eg food clothes
- 4. The financial gain when revenue exceeds the costs and expenses associated with running the business.
- 9. Other businesses offering similar products or services in the same market, competing for the same customers.
- 10. Business practices that focus on meeting current needs without compromising the ability of future generations to meet theirs, often emphasizing environmental and social responsibility.
- 13. A framework for analyzing a company’s internal Strengths and Weaknesses, and external Opportunities and Threats.
- 14. Senior members of a company’s board who are responsible for making strategic decisions and ensuring that the business operates in accordance with its goals.
- 17. A business that has been legally registered as a company, creating a separate legal entity and limited liability for its owners.
- 18. A framework used to analyze the external environment impacting a business, considering Social, Technological, Economic, Environmental, Political, Legal, and Ethical factors.
- 19. A growth strategy where a business expands into new markets or develops new products to reduce risk.
- 22. A statement outlining a business’s long-term goals and what it aspires to become in the future.
- 23. Individuals or entities that provide capital to a business in exchange for a financial return, often through shares or loans.
- 27. Cost advantages that businesses obtain due to their size, output, or scale of operations, reducing per-unit costs as production increases.
- 30. The part of the economy that is controlled by the government, including services like education, healthcare, and public transportation.
- 32. An economic system where prices are determined by unrestricted competition between privately owned businesses, with minimal government intervention.
- 36. Individuals or entities who own a business, holding ultimate control and financial responsibility for its operations.
- 37. The process of expanding the business through increasing output, customer base, or market share.
- 38. A visual tool used to map out different possible decisions and their outcomes, helping businesses make informed choices based on costs and benefits.
- 39. The potential benefit lost when choosing one option over another, representing the trade-off of business decisions.
- 41. A not-for-profit organization that operates independently of any government, often aiming to address social, environmental, or political issues.
- 43. The institution that governs a nation, responsible for setting and enforcing laws and regulations that affect businesses.
- 44. The part of the economy run by private individuals and companies, not by the government, aimed at making a profit.
- 45. A document outlining a business’s goals, strategies, target market, and financial forecasts, serving as a roadmap for growth and securing investment.
- 47. Organizations that attempt to influence public policy or business practices to achieve a specific goal, often related to social, environmental, or ethical issues.
- 49. Workers hired by a business to perform specific tasks in exchange for wages or salary.
- 50. intangible products
- 51. Businesses that produce goods from raw materials to be sold to consumers, retailers, or other manufacturers.
- 52. Long-term plans formulated by a business to achieve its goals and objectives.
- 53. A small, specialized segment of the market targeting a specific group of customers with unique preferences or needs.
- 54. A type of company with limited liability and shares that are not available to the public. Ownership is often held by a small group of people (shareholders).
- 55. General, long-term goals that a business wants to achieve, often focused on growth, profitability, or market positioning.
Down
- 1. A business that seeks to generate profit while also fulfilling a social or environmental mission.
- 3. Individuals or groups that purchase and use products or services provided by businesses.
- 5. A business that is not legally registered as a company, meaning the owner has full liability for any debts or obligations.
- 6. A large market that targets a wide audience with products that have universal appeal.
- 7. Individuals or businesses that buy products or services from a company.
- 8. A legal status where the owners’ personal assets are protected in case the business incurs debts or legal claims, limiting their financial responsibility.
- 11. A business that has specific social or environmental objectives, reinvesting profits to achieve these goals rather than maximizing shareholder returns.
- 12. A type of business owned and run by two or more individuals who share profits and responsibilities
- 13. Companies or individuals that provide the raw materials, goods, or services a business needs to operate.
- 15. A business owned and operated by a single person who is fully responsible for its liabilities and obligations.
- 16. A business structure where the owners are personally responsible for all business debts and liabilities, potentially risking personal assets.
- 20. Individuals or groups affected by or with an interest in the operations of a business, including employees, customers, suppliers, and the community.
- 21. The increase in value a business creates by transforming inputs into finished products or services, contributing to its competitive advantage.
- 24. Individuals responsible for overseeing and coordinating the day-to-day operations of a business to achieve its objectives.
- 25. A large company or group of companies authorized to act as a single legal entity. Shareholders own it, but it operates separately from its owners.
- 26. The process of developing new ideas, products, or processes to improve efficiency, increase competitiveness, or meet customer needs
- 28. A company that operates in multiple countries, managing production or delivering services across national borders.
- 29. The process by which businesses adapt or transform in response to internal or external factors, such as technology, competition, or regulations.
- 31. Individuals or entities that own shares in a company, giving them partial ownership and a claim on profits (dividends).
- 33. The phenomenon where a business grows so large that it leads to inefficiencies, causing increased per-unit costs as production expands.
- 34. Business practices that involve participating in initiatives that benefit society, such as environmental sustainability and ethical labor practices.
- 35. A concise explanation of a company’s purpose, outlining its core objectives and values.
- 40. Specific, measurable goals set by a business to achieve its broader aims.
- 42. Moral principles that guide business decisions and practices, focusing on what is right and wrong.
- 46. A strategic tool used to analyze and plan a company’s strategies for growth, focusing on market penetration, market development, product development, and diversification.
- 48. risktaker present in the company