Business Vocabulary

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Across
  1. 3. selling products in markets other than the original domestic market
  2. 4. Money spent on day to day costs
  3. 7. the leader involves employees in the decision making process
  4. 11. when a company merges or takes over another one in the same industry but at a different stage of production
  5. 13. Owned by many shareholders
  6. 15. Setting a low price to gain mark share
  7. 17. It is a method of assessing the effectiveness of an employee
  8. 20. These are the owners of a limited company
  9. 21. goods and services bought in by one country from other countries
  10. 23. dividing the market into smaller defined groups
  11. 25. goods and services sold from one country to other countries
  12. 27. structure means that many decisions are not taken in the centre of the organization but are delegated to the lower levels of management
  13. 28. is an attempt to appeal to an entire market
  14. 31. the action of making something
  15. 32. when the owners of two businesses agree to join their firms together to make one business
  16. 33. Shows how the Net profit and the Retained profit of a business are calculated
  17. 37. Costs that increase as output increases
  18. 38. It is illegal to sell: products which have serious flaws or problems
  19. 39. It involves looking at jobs and adding tasks that require more skill and/or responsibility
  20. 43. costs that do not change as output changes
  21. 44. Money made from sales
  22. 49. he increase in the average price level of goods and services
  23. 51. sums of money received by a business during a period
  24. 52. Continuous improvement
  25. 53. group of between 2 and 20 people who agrees to own and run a business together
  26. 54. aims or targets that a business works towards
  27. 56. A businesses promotion strategy
  28. 58. Payment for work, usually payed monthly
  29. 61. Groups of workers meeting to improve the buiness
  30. 63. The business which borrows the name and the format of the business for the royalty which it pays to the franchisee
  31. 67. is the amount of cash held by the business at the end of each month
  32. 68. it occurs when a business expands its existing operations
  33. 71. SMM
  34. 72. any person or group with a direct interest in the performance and activities of a business
  35. 73. Money spent on fixed assets
  36. 74. final profit made by a business
  37. 75. is the finance needed by a new business to pay for!essential fixed and current assets
  38. 76. production done by skilled people
  39. 77. next best alternative given up by choosing another item
Down
  1. 1. difference between the selling price of a product or service and the cost of bought in materials and components
  2. 2. profit reinvested into the company after tax and payments to owners is deducted
  3. 5. Is where extra tasks of a similar level of work are added to a worker’s job description
  4. 6. Try to influence the business to act ethically
  5. 8. the structure in an organization which allows instructions to be passed down from the senior management to the lower part of management
  6. 9. bility of a business to pay back its short-term debts
  7. 10. identifying and exploiting a small segment of a larger market by developing products to suit it
  8. 12. when a business takes decisions that may benefit stakeholders other than shareholders
  9. 14. lending the name of the business and “its format” to another business for certain amount of royalty
  10. 16. To change your product to meet local tastes
  11. 18. setting a high price to maximize profits
  12. 19. main source of external finance
  13. 22. wage by how many made
  14. 24. resources needed to produce goods or services
  15. 26. is a business which controls all of the market for a product
  16. 29. the leader is the only person making decisions
  17. 30. It is illegal to give the consumer a deliberately misleading impression about a product
  18. 34. the number of subordinates working directly under a manager
  19. 35. Sales revenue – Cost of goods sold!
  20. 36. structure means that most decisions are taken at the centre, or the higher levels of management
  21. 40. Retailers and producers commit an offence if they sell underweight goods or if the weighing equipment they use is inaccurate
  22. 41. production that allows for variations of products
  23. 42. is given by a government body to allow a business to build a factory or office in a particular location
  24. 45. the leader lets workers make all their own decisions
  25. 46. Production that produces many items
  26. 47. The 4 P's
  27. 48. when one company merges with or takes over another one in the same industry at same stage of production
  28. 50. the levels of management and division of responsibility within an organization
  29. 55. someone who is lesser ranked than the boss
  30. 57. Is an additional amount of payment above basic pay as a reward for good work
  31. 59. Involves rotating workers and making them do each specific task for only a limited time before rotating jobs again
  32. 60. Owned by a few shareholders
  33. 62. when a business takes over or merges with another business,also known as integration
  34. 64. When a country’s Gross Domestic Product increases
  35. 65. These are other businesses, including banks, which have lent money to the business
  36. 66. the people you want to sell the product to
  37. 69. Giving workers responsibility
  38. 70. This is payment relating to the number of sales made