Across
- 1. A place where someone or a business can store their money safely in large amounts, they can also earn a small amount of interest on the money that is being stored. 2 words 4,7
- 5. A series of steps or actions that support a policy, which is an established or official way of doing something within the business. This sets clear steps for employees to follow when working in the business and keeps everything consistent. 9
- 9. An organization or business that provides something needed such as a product or a service to a business which aids the business in operating and often provides them with important products to enable the business to sell items and generate a profit. 8
- 11. A retailer located internationally and runs their business from a different country which can result in different laws, longer shipping times and issues with business development. An _____ retailer. 8
- 12. A broad set of guidelines that govern behaviors on a certain area within an organization. 6
- 13. Created to prevent anti-competitive conduct such as businesses illegally misusing market power with other businesses to force prices too high for consumers to buy. This encourages competition and efficiency in business, resulting in better choices for consumers in price, quality and service. 3 words 5,9,11
- 17. A check on the businesses finances, can be internal or external. 8
- 18. An organized collection of structured information, typically stored electronically in a computer system and the business can access this information. 8
- 19. It is essential for businesses to follow the _____ requirements as they are set by the government and it is mandatory that businesses follow these sets of rules in order to keep trading. 5
Down
- 1. Something that helps record the businesses assets and liabilities. 2 words 7,5
- 2. When a supplier goes above and beyond the legal requirements, which can reduce waste, improve the supplier and businesses reputation consequently attracting customers, aswell as attracting investors. 3
- 3. An issue that involves IT and something that most businesses depends on to run their business, for example a cash register or computer systems. When there is a _______ issue it can affect the businesses decision making. 13
- 4. Something that a business acquires once they set up their business and choose a name, it is online, and a business has to apply for one as it is unique to the business as there cannot be multiple. 2 words 7,7
- 6. When the bank allows this loan system it allows the business to keep spending money past 0 dollars to a certain amount, for example a business might be able to spend $5000 past zero and the bank will loan them the money. What is this loan system? 9
- 7. A regressive tax that is imposed at 10% on most products sold in Australia. It is collected by businesses and passed on to the government. 2 words 8,3
- 8. A global issue factor that can affect the businesses decision making, it involves the issue of unknown costs that can occur when running a business overseas. ____ costs. 6
- 10. This is a factor when considering an appropriate supplier, it relates to how close the supplier is to the business as it can affect the amount of time it takes to deliver the products from the supply chain to the receiving business, aswell as increase costs due to location. 9
- 14. It is important for businesses to establish a consistent way of doing tasks so the employees know exactly what to do without to much guidance from managers. Something that is repeated daily, plural and ends with an S. 8
- 15. A factor when considering what supplier to use for a business includes if they are ___________. This is when a supplier is trusted and has a strong relationship with the business they are supplying to. This sort of supplier always delivers material on time and meets the required deadlines. 8
- 16. A type of insurance that protects the health of employees when they are at work and is called ____ insurance. Two words 4,4