Across
- 4. Firms that supply a service to consumers and other businesses.
- 5. People and businesses concentrate on what they are best at.
- 6. A payment, out of profits, to shareholders as a reward for their investment.
- 7. An organization, especially a business, or a difficult and important plan, especially one that will earn money.
- 9. There are not enough goods and services to meet the wants of production.
- 15. An economy where the resources are owned and controlled by both the private and the public sectors.
- 16. A good or service which is essential to living.
- 17. The process of producing goods and services to satisfy consumer demand.
- 19. A business system where entrepreneurs buy the right to use the name, logo and product of an existing business.
- 20. The part of the economy that is owned and controlled by the state or the government.
- 25. Firms whose business activity involves the extraction of natural resources.
- 26. A good or service which people would like, but is not essential for living.
- 28. A person or organisation who owns shares in a limited company.
- 31. Products which are sold to the final consumer.
- 32. a business that is owned and controlled by just one person who takes all of the risks and receives all of the profits.
- 33. If an unicorporated business fails, then the owners might have to use their personal wealth to finance any business debts.
Down
- 1. Non-current assets offered as a security against borrowing.
- 2. Workers, especially people who do practical work with their hands.
- 3. A business organisation that is owned and controlled by the state.
- 6. The reduction of industrial activity or capacity in a region or economy.
- 8. Refers to growth of a company that results from using external resources.
- 10. Is the organic development of an organization through strategic decision-making designed to increase a company's size.
- 11. The development of industries in a country or region on a wide scale.
- 12. Non-tangible products such as insurance services, transport.
- 13. Things for sale, or the things that you own.
- 14. Money and possessions, especially a large amount of money used for producing more wealth or for starting a new business.
- 18. The shareholders in a limited liability company which fails only risk losing the amount they have invested in the company and not any of their personal wealth.
- 21. An individual who has an idea for a new business and takes the financial risk of starting up and managing it.
- 22. The amount a business earns from the sale of its products.
- 23. The part of the economy that is owned and controlled by individuals and companies for profit.
- 24. Physical goods such as machinery and delivery vehicles, used by other businesses to help produce other goods and services.
- 25. A business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and will share profits.
- 27. A detailed written document outlining the purpose and aims of a business which is often used to persuade lenders or investors to finance a business proposal.
- 29. The benefit that could have been gained from an alternative use of the same resource.
- 30. venture Two or more businesses agree to work together on a project and set up a separate business for this purpose.