Business Management

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Across
  1. 4. 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.
  2. 6. Goals an organisation would like to accomplish. They may be somewhat broad, optimistic and imprecise.
  3. 10. The Output is the good or service that has been obtained after a productive process in which a number of factors have intervened.
  4. 11. Any individual or group that affects an organisation or is affected by it.
  5. 12. Involves the delivery of services such as education, health care, travel and tourism, entertainment and home and car repair services.
  6. 13. Involve individual shopkeepers who form cooperatives to better negotiate with the suppliers of the products sold in their stores.
  7. 14. The person or company receiving a good, service, product or idea, in exchange for money or other valuable item.
  8. 15. Are the people needed to run the business. They include managers and employees, as well as a more abstract element, called enterprise.
  9. 16. The use of strategic and creative thinking that inspires people to meet challenges and accomplish defined goals.
  10. 17. Set of assets available to a person, especially in the form of money.
  11. 18. Are the funds needed to set up and invest in a business and keep it running on a daily basis.
  12. 21. 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.
  13. 23. Is a plan, approach, or scheme for achieving an aim or objective. Strategies are generally considered to involve important decisions that may be risky and are taken by senior management.
  14. 24. Set up by consumers in order to benefit from lower prices, better service, or both.
  15. 25. Are physical products that are tangible, meaning they can be touched.
  16. 27. 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.
  17. 29. Includes all those organisations that are owned and operated by either the central government or local governments (municipalities), or their agencies.
  18. 31. 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.
  19. 32. Is the process of setting up a new business.
  20. 34. This function can go by several different labels: Accounting Department, Finance Department, Bookkeeping (in small businesses), among others.
  21. 37. 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.
  22. 39. Are those physical, fináncial and human resources.
  23. 40. Includes all those organisations that are owned by individuals or groups of individuals
Down
  1. 1. Is characterised by inclusiveness. Employees feel validated and are encouraged to share their ideas, participating in the decision-making process
  2. 2. the work of directing a business organisation resources.
  3. 3. A written expression of an organisation’s long-term ambitions that it hopes to realise in the future. It is often an optimistic view of what the organisation hopes to accomplish.
  4. 5. Are the sort of organisation many of us think of when we think of business.
  5. 7. Broad category of non-profit organisations that have a purpose or mission to benefit society or the environment.
  6. 8. 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.
  7. 9. 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
  8. 19. Make financial services available to individuals whose needs would otherwise not be met by traditional financial institutions like banks.
  9. 20. 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.
  10. 22. Involves transforming raw materials into finished or semi-finished products. It includes construction, processing and manufacturing
  11. 26. Involves extracting raw material from the earth. It includes activities such as agriculture, fishing, forestry, and mining for minerals, metals, and oil.
  12. 28. Set of techniques and studies that aim to improve the commercialization of a product.
  13. 30. What is the name of the person who designs, launches and starts a business, based on an innovation.
  14. 33. Concrete targets an organisation sets for itself. They may be formulated in order to accomplish wider aims, and can be developed using the acronym SMART.
  15. 35. Are non-profit organisations that exist to benefit the public. Charities enjoy tax advantages under UK law.
  16. 36. Are intangible products that cannot be touched.
  17. 38. Is an approach or scheme for achieving an aim or objective. Compared to strategies, tactics usually involve fewer resources and may be less risky.