Business Studies Level 2 Vocabulary Terms

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Across
  1. 4. Deliberately deceiving others for financial gain
  2. 5. Māori concept of power, authority, and prestige
  3. 7. Leadership style where the boss makes all decisions alone
  4. 11. Giving responsibility and authority to subordinates
  5. 12. Moral principles that guide business behaviour
  6. 15. Shared values, beliefs, and ways of working in a business
  7. 17. Japanese philosophy of continuous improvement
  8. 18. Independent examination of financial records
  9. 19. Period of economic decline when business activity decreases
  10. 21. General increase in prices over time
  11. 22. Increasing interconnectedness of world economies
  12. 23. Rate at which employees leave and are replaced
  13. 24. Amount of output produced per unit of input
Down
  1. 1. How the public views a business
  2. 2. Using machines to perform tasks without human intervention
  3. 3. Anyone affected by or interested in the business
  4. 6. Trying to influence government decisions
  5. 8. Organisational structure where employees report to multiple managers
  6. 9. When products or processes become outdated and no longer useful
  7. 10. Money received from selling goods or services
  8. 13. Meeting today's needs without harming future generations
  9. 14. Management function of setting goals and deciding how to achieve them
  10. 15. Following laws, regulations, and company rules
  11. 16. Growth strategy involving new products and new markets
  12. 20. Creating new ideas, products, or methods