Business Terminology Review

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Across
  1. 1. A tool used to examine the internal and external forces which impact a business
  2. 4. When a business expands using its own resources, and with no cooperation from outside companies, that is called ___________.
  3. 5. A type of business where a company pays fees to another company to use the brand, and pays monthly royalty fees as well
  4. 8. The tool that looks at different growth strategies, from the perspective of markets and products
  5. 9. An external source of finance where a wealthy private individual is looking to give money to a company in exchange for equity. Startup companies can benefit greatly from this source.
  6. 11. The ownership structure of a business where the business is treated like a separate legal entity, and shares can be traded on the stock market
  7. 14. The ownership structure where generally 2-20 people own shares in the business. Liability is unlimited.
  8. 15. The phenomenon when a business increases output, and unit costs decrease
  9. 16. A short term source of debt where a business can withdraw more money from the bank than it has deposited
  10. 17. Long term sources of debt where a business borrows money from the public
  11. 19. The term used to refer to government taxes and government spending
  12. 20. The phenomenon where economies of the world are becoming more interconnected and interdependent
Down
  1. 1. People or groups who have an interest in the business or are affected by the actions of the business
  2. 2. They ownership structure where the business is owned by one person; the person is the business
  3. 3. When shareholders do not bear the responsibility of a company's debts and do not stand to lose personal belongings
  4. 6. The most important source of internal finance
  5. 7. An investment appraisal tool used to calculate the length of time it takes to recoup the initial investment of a project.
  6. 10. When a company first starts selling shares on the stock market to the public
  7. 12. A type of NGO that is aimed at addressing a specific social cause by providing financial aid.
  8. 13. The phenomenon when a business increases output, and unit costs increase
  9. 18. A decision making tool that uses probabilities of outcomes to calculate expected value (HL- if you're Sl ask an HL student)