Across
- 3. People and businesses concentrate on what they are best at.
- 5. An economy where the resources are owned and controlled by both the private and the public sectors.
- 6. Firms whose business activity involves the extraction of natural resources.
- 10. Physical goods, such as machinery and delivery
- 12. A statement of a specific target to be achieved. It should be specific, measurable, achievable and agreed, realistic and relevant, time-specific .
- 14. Good or service which is essential to living.
- 18. 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.
- 20. The finance needed when first setting up a business.
- 21. The growing importance of secondary sector business activity and the reduced importance of primary sector business activity.
- 22. A busıness that is owned and controlled by just one person who takes all of the risks and receives all of the profits.
- 25. A person or organization who owns shares in a limited company.
- 26. Non-tangible products such as insurance services, transport.
- 28. An individual who has an idea for a new business and takes the financial risk of starting up and managing it.
Down
- 1. The amount a business earns from the sale of its products.
- 2. Products which are sold to the final consumer. They can be seen or touched.
- 4. The process of producing goods and services to satisfy consumer demand.
- 7. The part of the economy that is controlled by the state or government.
- 8. 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.
- 9. Two or more businesses agree to work together on a project and set up a separate business for this purpose.
- 11. There are not enough goods and services to meet the wants of the population.
- 13. The part of the economy that is owned and controlled by individuals and companies for profit.
- 15. A payment, out of profits, to shareholders as a reward for their investment.
- 16. 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.
- 17. A business system where entrepreneurs buy the right to use the name, logo and product of an existıng business.
- 19. An individual or group which has an interest in a business because they are affected by its activities and decisions.
- 22. Firms that process and manufacture goods from natural resources.
- 23. Firms that supply a service to customers and other businesses.
- 24. Non-current assets offered as security against borrowing.
- 27. A measure of all the wealth and resources in a country, including the production, consumption of goods and services.