Business Studies Revision

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Across
  1. 1. Is a declaration that a business or person is unable to pay his or her debts
  2. 3. Liquidation normally occurs when the company is ________
  3. 5. Using machines to do the work of people.
  4. 6. Sales-COGS=
  5. 8. Banks, dentists and retailers are part of the _____ sector.
  6. 13. Money supplied by the owner to start and expand the business.
  7. 18. Flour, milk and butter are the _______ needed in a bakery.
  8. 19. Strengths and weaknesses in a SWOT are internal or external?
  9. 22. Someone who has an interest in a business.
  10. 24. Someone who co-ordinates a business' resources to achieve goals.
  11. 26. (Abbrev) Ongoing, business wide commitment to excellence that is applied to every aspect of the business' operation.
  12. 28. Sole traders and partnerships are _____ businesses
  13. 29. ___ is the process of finding and attracting the right quality and quantity of staff.
  14. 31. Technology, markets and the economy are all ____ influences.
  15. 33. This aspect of Product is very important as it protects the product and provides information.
  16. 35. ____ are those people or businesses who are owed money.
Down
  1. 2. What type of asset is a building on a balance sheet?
  2. 4. Refers to the business processes that involve transformation of inputs into outputs.
  3. 7. A type of environmental goal: ________development
  4. 9. An example of a fixed cost.
  5. 10. A type of financial statement. ___________ statement
  6. 11. An entrepreneur is prepared to take _______.
  7. 12. This stage of the HR cycle involves improving skills and abilities.
  8. 14. Failure to _______ is a leading cause of business failure.
  9. 15. The use of inspections at various points in the production process to check for problems.
  10. 16. A management skill
  11. 17. Increasing unemployment, low business confidence and consumer spending
  12. 20. A type of goal setting/ a technique of setting goals.
  13. 21. Robotics and artificial intelligence improve the efficiency and ______ of a business.
  14. 23. Another name for liabilities.
  15. 25. These don't change when production increases or decreases.
  16. 27. Refers to the business' share of the total industry sales for a product.
  17. 30. Increasing _______ is a types of financial goal.
  18. 32. _________= Liabilities + Owners Equity.
  19. 34. GST is the ________ and services tax.
  20. 36. Female, 18-30yr, urban is an example of a market _____