Across
- 1. A business _______ is the 'road map' for future growth and development within a business. It sets out the desired goals and direction of the business
- 3. ________ costs are costs that do not vary regardless of how many units of a good or service are produced
- 5. The ________ statement broadly states what the business aspires to become; its purpose and its function
- 6. The _______ cost of producing a certain number of goods or services is the sum of the fixed and variable costs of those units
- 8. The cash flow ________ shows the changes to the cash position brought about by the operating, investing and financial activities of the business
- 10. A situational ______ analysis involves the identification and analysis of internal strengths and weaknesses of the business, and the opportunities in, and threats from, the external environment
- 14. ________ is the process of assessing whether the business has achieved stated goals
- 17. An _________ structure is the framework in which the business defines how tasks are divided, resources are used, and departments are coordinated
- 18. ____________ is the management of business operations,such as the purchasing, storage, transportation and delivery of goods along the supply chain
- 19. An ________ statement is a specific statement detailing what a business (or individual)needs to achieve in order to accomplish its vision
- 21. _______ maunfacturing/production is an operational strategy aimed at achieving the shortest possible production time by eliminating waste
- 22. A ________ is any monetary or financial assistance that does not generally have to be repaid
- 24. Social _________ in business is about adapting a set of policies to ensure the employees or other community memebers are treated equitably and fairly
- 25. A performance ________ is a forecast level of performance against which actual performance can be compared
Down
- 2. __________ growth is the ability of a business to continually expand
- 3. _______ are the business's predictions about the future
- 4. A sigma-______ process is one in which 99.99 per cent of all manufactured products are defect free
- 7. ________ is the process of changing existing plans, using updated information to shape future plans
- 9. _________ objectives focus on short-term issues and describe the course of action necessary to achieve the tactical objective and strategic goal
- 11. A ________ is the business's financial plan for the future
- 12. The process of setting targets and deciding how to achieve them
- 13. Variable _______ are costs that depend on the number of goods or services produced
- 15. ________ goals focus on long-term, broad aims and apply to the business as a whole.
- 16. _________ is the process of measuring actual performance against planned performance
- 17. Tactical ___________ focus on mid-term, departmental issues and describe the course of action necessary to achieve the business's strategic goals
- 20. ________ aided manufacture (CAM) is software that controls the manufacturing process
- 23. The _________ is any profit that investors make from their investment
- 26. Computer aided ________ design (CAD) is a computerised design tool that allows the business to create product possibilities from a series of input data.