Across
- 5. the only liability - or potential loss - a shareholder has, if the company fails, is the amount invested in the company, not the total wealth of the shareholder.
- 8. integration with a business in a different industry.
- 10. economic resources are owned, planned and controlled by the state.
- 11. businesses owned and controlled by individuals or groups of individuals.
- 12. organisations accountable to and controlled by central or local government (the state).
- 14. literally means that ‘the whole is greater than the sum ol parts’ - it is often assumed that the new business will be more successful than the original separate businesses.
- 15. this states the name of the company, the address of the head office through which it can be contacted, the maximum share capital for which the company seeks authorisation and the declared aims of the business.
Down
- 1. the difference between the cost of purchasing bought-in inputs (materials) and the selling price of the finished goods.
- 2. a written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts.
- 3. two or more businesses agree to work closely together on a particular project and create a separate business division to do so.
- 4. vertical integration with a supplier business.
- 6. a business organisation that has its headquarters in one country, but with operating branches, factories and assembly plants in other countries.
- 7. the physical and tangible goods sold to consumers - these include durable consumer goods, such as cars and washing machines, and non-durable consumer goods, such as food, drinks and sweets, that can be used only once.
- 9. the next most desired option that is given up.
- 13. economic resources are owned largely by the private sector with very little state intervention.