Business Terminology

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Across
  1. 1. The ownership structure where generally 2-20 people own shares in the business. Liability is unlimited.
  2. 2. When shareholders do not bear the responsibility of a company's debts and do not stand to lose personal belongings
  3. 3. They ownership structure where the business is owned by one person; the person is the business
  4. 5. The phenomenon when a business increases output, and unit costs increase
  5. 8. The tool that looks at different growth strategies, from the perspective of markets and products
  6. 9. A type of business where a company pays fees to another company to use the brand, and pays monthly royalty fees as well
Down
  1. 1. 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
  2. 4. The phenomenon when a business increases output, and unit costs decrease
  3. 6. People or groups who have an interest in the business or are affected by the actions of the business
  4. 7. When a business expands using its own resources, and with no cooperation from outside companies, that is called ___________.