Across
- 2. a skill of entrepreneurs, which means they are good at thinking up new ideas for goods and services
- 5. a type of external growth, which represents two businesses merging in the same industry at the same stage of production
- 6. a reason why some businesses would stay small is because they want to provide services just to the people living in a certain area, they do not want to expand their ...
- 11. when one business gains control of part of another business
- 15. a reason why some businesses might fail is because of poor ... (not advertising a product well)
- 16. government can support business start-ups by lowering ... (the amount of money people have to pay at the end of the month)
- 17. the amount a business earns from the sale of its product
- 19. a way to add value to a product, which involves spending money on advertising a product
- 20. the sector which provides a service to society
Down
- 1. the focus on specific tasks and activities
- 3. type of growth which involves a businesses merging or taking over another business
- 4. the growing importance of the secondary sector business activity and reduced importance of the primary sector business activity
- 7. the sector which manufactures and produces goods using natural resources
- 8. there are not enough goods and services to meet the want of the population
- 9. the sector, part of economy that is owned and controlled by individuals and companies for profit
- 10. a factor of production, which represents machinery, equipment and finance needed for the production of goods or services
- 12. a type of integration, which involves two businesses from different industries to merge
- 13. the benefit that could have been gained from an alternative use of the same resource is called ... cost
- 14. an economy where the resources are owned and controlled by both the private and the public sector
- 18. a method used to measure the size of a business is by analysing the value of ... (