Across
- 4. Is the ability of a leader or manager to make decisions with little or no outside input. Instead, autocratic leaders rely on their own ideas and instincts when making decisions.
- 6. Are the people needed to run the business. They include managers and employees, as well as a more abstract element, called enterprise.
- 10. Is a for-profit business owned by numerous shareholders who enjoy limited liability. That is, individual shareholders are not responsible for the debts of the business.
- 11. Are intangible products that cannot be touched.
- 12. Are owned by a relatively small number of shareholders, who may find it difficult to sell their shares if they wish to 'cash out' and use the funds for another purpose.
- 16. Are non-profit organisations that exist to benefit the public. Charities enjoy tax advantages under UK law.
- 18. Are physical products that are tangible, meaning they can be touched.
- 20. Includes all those organisations that are owned and operated by either the central government or local governments (municipalities), or their agencies.
- 22. the work of directing a business organisation resources.
- 23. Are the funds needed to set up and invest in a business and keep it running on a daily basis.
- 27. Is the ability of a leader or manager to give employees minimal direction and large amounts of freedom to make decisions and find their own methods of accomplishing objectives.
- 28. Are arrangements whereby the public sector enlists the help of a private sector organisation in order to meet its objectives more efficiently. PPPs often involve large infrastructure projects.
- 31. Involves transforming raw materials into finished or semi-finished products. It includes construction, processing and manufacturing
- 32. Involves the delivery of services such as education, health care, travel and tourism, entertainment and home and car repair services.
- 33. Set up by consumers in order to benefit from lower prices, better service, or both.
- 34. Includes services related to the development and use of data and information. It is a new term and is usually considered as a subset of another sector
Down
- 1. Are those physical, fináncial and human resources.
- 2. Make financial services available to individuals whose needs would otherwise not be met by traditional financial institutions like banks.
- 3. Includes all those organisations that are owned by individuals or groups of individuals
- 5. What is the name of the person who designs, launches and starts a business, based on an innovation.
- 7. The use of strategic and creative thinking that inspires people to meet challenges and accomplish defined goals.
- 8. Broad category of non-profit organisations that have a purpose or mission to benefit society or the environment.
- 9. Involve individual shopkeepers who form cooperatives to better negotiate with the suppliers of the products sold in their stores.
- 13. Is the process of setting up a new business.
- 14. Is the ability of a leader or manager to adjust their style of leadership to fit the task or situation that they find themselves in.
- 15. The person or company receiving a good, service, product or idea, in exchange for money or other valuable item.
- 17. The Output is the good or service that has been obtained after a productive process in which a number of factors have intervened.
- 19. A person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses.
- 21. Set of assets available to a person, especially in the form of money.
- 24. Is characterised by inclusiveness. Employees feel validated and are encouraged to share their ideas, participating in the decision-making process
- 25. Involves extracting raw material from the earth. It includes activities such as agriculture, fishing, forestry, and mining for minerals, metals, and oil.
- 26. This function can go by several different labels: Accounting Department, Finance Department, Bookkeeping (in small businesses), among others.
- 29. Set of techniques and studies that aim to improve the commercialization of a product.
- 30. Are the sort of organisation many of us think of when we think of business.