Chapter 5 CIE business

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Across
  1. 8. when a business takes over or merges with another business. It is often called integration as one business is integrated into another one.
  2. 9. a statement of a specific target to be achieved. They should be SMART.
  3. 10. when one business buys out the owners of another business, which then becomes part of the 'predator' business (the business which has taken it over).
  4. 12. the revenue of a business expressed as a percentage of total market revenue.
  5. 13. when the owners of two businesses agree to join their businesses together to make one business.
  6. 14. total income of a business (revenue) less total costs.
  7. 15. when a business expands its existing operations.
  8. 16. occurs when there is a decline in the importance of the secondary, manufacturing sector of industry in a country.
  9. 17. when one business merges with or takes over another one in the same industry at the same stage of production.
  10. 19. the total value of capital used in the business.
Down
  1. 1. is when one business merges with or takes over a business in a completely different industry. This is also known as diversification.
  2. 2. organisations of like-minded people who put pressure on businesses and government to change their policies to reach a predetermined objective.
  3. 3. businesses taking responsibility for the impact their activities might have on society and the environment.
  4. 4. the written and legal agreement between business partners. It is not essential for partners to have such an agreement but it is always recommended.
  5. 5. an individual or group which has an interest in a business because they are affected by its activities and decisions.
  6. 6. a business with social objectives that reinvests most of its profits back into the business or into benefiting society at large.
  7. 7. when one business merges with or takes over another one in the same industry but at a different stage of production. Vertical integration can be forward or backward.
  8. 11. a legal requirement for all companies. Shareholders may attend and vote on who they want to be on the Board of Directors for the coming year.
  9. 18. the money invested into a business by the owners.