1. 3. The resources needed by business to produce goods or services.
  2. 5. a person or institution owning shares in a limited company.
  3. 6. An individual who purchases goods and services for personal use.
  4. 7. organisations accountable to and controlled by central or local government (the state).
  5. 9. A written document that describes a business, its objectives, its strategies, the market it is in and its financial forecasts.
  6. 12. An individual who has the idea for a new business, starts it up and carries most of the risks but benefits from the rewards.
  7. 13. a business formed by two or more people to carry on a business together, with shared capital investment and, usually, shared responsibilities.
  8. 16. The action of showing initiative to take the risk to set up a business.
  9. 17. An individual consumer or organisation that purchases goods or services from a business.
  10. 18. economic resources are owned and controlled by both private and public sectors.
  11. 20. a jointly owned business operated by members for their mutual benefit, to produce or distribute goods or services as in consumers' cooperatives or farmers' cooperatives.
  1. 1. economic resources are owned, planned and controlled by the state.
  2. 2. the legal right to use the name, logo and trading systems of an existing successful business.
  3. 4. The next most desired option that is given up.
  4. 8. The physical and tangible goods sold to consumers - these include durable consumer goods, such as cars and washing machines, and non-durable consumer goods, such as food, drinks and sweets, that can be used only once.
  5. 10. A business employee who takes direct responsibility for turning an idea into a profitable new product or business venture.
  6. 11. businesses owned and controlled by individuals or groups of individuals.
  7. 14. a certificate confirming part ownership of a company and entitling the shareholder owner to dividends and certain shareholder rights.
  8. 15. The process of differentiating a product by developing a symbol, name, image or trademark for it.
  9. 19. The physical goods used by industry to aid in the production of other goods and services, such as machines and commercial vehicles.