Across
- 1. A condition under which a person or corporation is declared unable to pay debts
- 2. A person who starts up and takes on the risk of a business
- 4. a business owned and managed by a single individual
- 8. Capital The finance needed by a new business to pay for essential fixed and current assets before it can begin trading.
- 9. The operating expenses that a business must pay regardless of how many sales are made.
- 10. what a company owes
- 13. The transferable skills needed by an individual to make them 'employable'. Along with good technical understanding and subject knowledge, employers often outline a set of skills that they want from an employee.Assets money and other valuables belonging to an individual or business
- 16. Accepting the risk of starting and running a business.
- 17. a quick description of your business that you use to explain it to customers and investors.
- 18. Competitor businesses that provide the same or very similar goods or services
Down
- 1. the level of sales at which profit is zero
- 3. A financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something
- 5. Competitor a business that sells a different product or service from yours, but fills the same customer need or want.
- 6. businesses that sell directly to final consumers
- 7. A type of producer that changes the shapes or forms of materials so that they will be useful to customers
- 11. an estimate of income and expenditure for a set period of time.
- 12. A written description of the business idea and how it will be carried out, including all major business activities.
- 14. a business owned by two or more people
- 15. an activity, benefit, or satisfaction offered for sale that is essentially intangible and does not result in the ownership of anything
- 19. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.