Across
- 2. The ability of a business to pay its short-term debts
- 4. A system of setting agreed standards for every stage of production
- 6. An agreement with the bank which allows a business to spend more money than it has in its account up to an agreed limit
- 7. Provision of finance by a bank which the business will repay with interest over an agreed period of time
- 8. The reduction in average costs as a result of increasing the scale of operations
- 10. The level of output where revenue equals total costs
- 14. The capital needed to finance the day-to-day running expenses and pay the short-term debts of business
- 15. The purchase of an asset by paying a fixed repayment amount per time period over an agreed period of time
Down
- 1. Checking the quality of goods through inspection
- 3. Profit remaining after all expenses, tax and dividends have been paid and which is ploughed back into business
- 5. The difference between revenue and cost of sales
- 9. The cost of purchasing the goods used to make the products sold
- 11. Costs that change in direct proportion to output
- 12. Financing a business idea by obtaining small amounts of capital from a large number of people, most often using the internet and social media networks
- 13. Ensuring a good or service that meets the needs and requirements of its customer