Business Studies chapters 1-6

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Across
  1. 3. payment for work, usually paid monthly, into bank account
  2. 5. an economy where the resources are owned and controlled by both private and public sectors
  3. 9. Governments selling parts of of whole businesses to private sector firms
  4. 12. physical goods, such as machinery or delivery vehicles that are used by other businesses to help produce other goods and services
  5. 13. an individual who has an idea for a new business and takes the risk for starting it up and managing it
  6. 15. an individual or group which has an interest in a business because they are affected by its activities and decisions.
  7. 17. looking at jobs and adding more tasks that require more skill and/or responsibility
  8. 18. All natural resources
  9. 19. We cannot live without these.
  10. 22. non-current assets offered as security against borrowing.
  11. 24. the share holders in a limited liability company which fails only risks losing the amount they have invested in the company and not any of their personal wealth.
  12. 25. Payments made to shareholders from the profit (after tax) of a company.
  13. 26. There is a decline in the importance of the secondary, manufacturing sector of industry in a country.
Down
  1. 1. there are not enough goods to meet the wants of the population
  2. 2. the production an supply of goods to the final consumer involves activities from primary, secondary and tertiary sector businesses
  3. 4. Governments selling parts of of whole businesses to private sector firms
  4. 6. a business formed by two or more people who will usually share responsibility for running the company.
  5. 7. the reason why employees want to work hard and effectively for the business
  6. 8. It is the difference between the selling price of a product and the cost of bought in materials and components.
  7. 10. a person or organization who owns shares in a limited company.
  8. 11. a statement of a specific target to be achieved. It should be SMART.
  9. 14. Business takes over or merges with another.
  10. 16. additional amount of payment above basic pay as reward for good work
  11. 20. Skill/risk-taking ability of entrepreneurs.
  12. 21. Total income (sales revenue) - total costs
  13. 23. a business system where entrepreneurs buy the right to use the name, logo and product of an existing business.