Across
- 2. The smaller business that has limited liability
- 3. Fixed costs add total variable costs
- 7. Rent is the best example of this cost
- 9. When a larger well know business allows people to set up businesses and pay a regular royalty
- 10. When the business and owner are seen as one, shared risk
- 11. R - TC
Down
- 1. When the business has a separate legal identiy to the owner
- 4. The smallest type of business in the UK with one person in charge
- 5. Selling price x units sold
- 6. Raw materials are the best example of this cost
- 8. When a group of people run a business with limited liability