BUSN3253

Edit Answers
1234567891011121314151617181920
Across
  1. 4. involves a decrease in both sales and profits of a business.ch13
  2. 5. characterized by the establishment of a market share and expansion of the product line or markets.ch13
  3. 11. Tax changes involving _____________ exemptions have made it easier to transfer business to family members.ch14
  4. 12. Many companies face _______________ or HR challenges as they cannot find enough skilled workers.ch13
  5. 13. ___________planning involves the entrepreneur first developing alternatives and then selecting the best strategy. ch14
  6. 14. Is a rule (to family) in that the business is deemed to have been sold at a market price whether or not the market price was actually paid.ch14
  7. 16. Owners must reduce ____________ by allowing managers to make decisions and letting the owner focus on planning.ch13
  8. 17. When transferring the ownership of title or land, a ____________ is used.ch14
  9. 19. characterized by a levelling of sales due to increased competition or decrease in demand.ch13
  10. 20. Considerable _____________ are incurred in research and development of marketing during the growth period.ch13
Down
  1. 1. When the company goes out of business as a result of unsatisfactory performance.ch14
  2. 2. Another method of success is when the parent transfers shares of the business to the child in the form of partnerhsip.ch14
  3. 3. Another option for transferring the ownership of the firm is to ________ the business to employees.ch14
  4. 6. when transfer of business is made through a ______, ownership of the business does not pass to the heir until the owner dies.ch14
  5. 7. The ________________ includes introduction, growth, maturity and decline.ch13
  6. 8. _____________buyers like to know there is consistent revenue.ch14
  7. 9. The development of the existing business into new markets is referred to as ______________.ch13
  8. 10. The owner-manager needs to assess whether the needed _________, labour and expertise can be obtained to deal with growth.ch13
  9. 13. one of the problems created by growth to an owner-manager on a personal level is ______________.ch13
  10. 15. The maximization of the value of the firm is sometimes referred to as ____________.ch14
  11. 18. When a small business has a need for a significant amount of capital and is not planning to exit the business they sell shares. This is called an ________, and the corporate status changes from a private to a public company.ch14