Across
- 2. a source of danger or a possibility of leading loss or misfortune
- 4. it can help to maintain sales during unfavourable trading times as customers who are loyal to a brand have a lower price and income elasticity
- 5. are a method of protectionism whereby the domestic government taxes foreign imports.
- 6. the moral values and judgements that society believes organizations should consider in their decision making.
- 8. are the external possibilities and prospects for future development.
- 10. decisions are routine and day-to-day
- 11. refers to removal of government rules and regulations which constrain an industry.
- 12. is a popular analytical tool used to assess the internal strengths and weaknesses and the external opportunities.
- 13. it's a tax on the value of assets passed onto a third party following the death of an individuals.
- 17. refers to the number of people in the workforce who are willing and able to work but cannot find employment
- 19. refers to decision making that is based on a systematic and logical framework to remove subjectivity and emotions from decision making
- 20. the commercial activity of providing funds and capital
- 22. decisions are regular and short-term
- 23. refers to the bottom of a recession and the last stage of decline in the trade cycle
- 24. occurs when the level of GDP starts to rise again,after the economy has experienced a slump.
Down
- 1. the process of identifying,anticipating and satisfying the customers.
- 3. it's the key source of tax revenue for most governments
- 7. are internal factors that are favourable compared to competitors.
- 9. refers to any measure taken by a government to safeguard its business from foreign competitors.
- 14. occurs when the general price level in an economy continuously rises.
- 15. are physical bans on international trade with a certain country
- 16. are payments made by a government to domestic firms as a form of financial aid to reduce the costs of production.
- 18. policy that government takes to deal with taxation and expenditure in order to affect the level of economic activity
- 21. are quantitative limits on the volume or value of imports.