Cottage Industries and Small Businesses

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Across
  1. 1. Type of manager hired as companies grow to handle specific functions.
  2. 3. A business arrangement where two companies collaborate to enter a market.
  3. 4. Small businesses are deeply rooted in this, supporting local culture and economy.
  4. 5. Major contribution of small businesses to the economy.
  5. 6. Type of customer service small businesses provide compared to large corporations.
  6. 11. One of the major challenges faced by small businesses when seeking funds.
  7. 13. Small businesses often lack this in specialized areas like marketing and accounting.
  8. 15. Assets pledged by a business to secure a loan.
  9. 16. When one business gains control of another by buying its shares.
Down
  1. 2. Person who starts and runs a business, often taking on financial risks.
  2. 4. Small businesses create this for larger firms, improving market dynamics.
  3. 7. Small businesses often excel at introducing new ideas and products.
  4. 8. Acronym for Micro, Small, and Medium Enterprises.
  5. 9. A small, specialized segment of a market.
  6. 10. Process of growing a business by opening new outlets or branches.
  7. 12. When two businesses combine to form a single company.
  8. 14. Resources needed to turn raw materials into finished products efficiently.