Across
- 2. A physical product.
- 6. An intangible product.
- 7. Sets out the qualifications, skills and experience needed to do a job.
- 8. A business set up and run by one person.
- 9. When two or more employees agree to share the responsibilities of a single job
- 12. States information about the duties and tasks that make up a particular job.
- 15. Removing a level of management from the organisational hierarchy.
- 17. Financial reward for achieving a target.
- 20. A factor of production - where a business is located and natural resources used.
- 22. The lowest amount that an employer can legally pay an employee aged 21 or over.
- 23. A legal agreement between partners.
- 24. The process of finding and appointing new employees.
- 27. Allows employers to hire employees without any guaranteed hours of work.
- 30. The collection and interpretation of information about a job.
- 32. The reasons why people work.
- 34. The cost of borrowing or reward for saving money.
- 39. A factor of production - the skills of entrepreneurs who create businesses.
- 41. A limited liability company whose shares cannot be bought the stock market.
- 44. An owner of a PLC or LTD.
- 46. The passing of authority from a manager to a subordinate to complete a task.
- 47. Someone who buys a product or service.
- 48. A shareholders portion of company profits.
- 50. When an employee works between 35 and 40 hours per week.
- 54. Someone willing to take risks to start a business.
- 55. Filling a position of employment with a candidate from outside of the company.
- 58. The inputs that businesses use to provide their goods or services.
- 59. An organisation with few layers of management in the hierarchy and wide span of control.
- 60. The percentage of workers who stay in a business over a period-of-time, e.g. a year.
- 61. The quantity of goods or services produced by an employee in a period of time.
- 62. The number of layers of management within an organisation.
Down
- 1. Someone who uses a good or service.
- 3. A higher rate paid when employees work additional hours.
- 4. When a LTD becomes a PLC and sells shares on the stock market.
- 5. A subordinates immediate superior.
- 10. A factor of production – Equipment and machinery used in production.
- 11. When two or more people jointly own and run a business.
- 13. A business that tries to help society rather than make a profit.
- 14. The way employees within a business are arranged.
- 16. The cost of the next best alternative foregone up when a decision is made.
- 18. Usually paid weekly and based on an agreed number of hours worked.
- 19. A legal document stating hours of work, pay, holiday entitlement and conditions.
- 21. Choosing the right employee from those who applied for a job.
- 25. A limited liability company whose shares can be bought the stock market.
- 26. When a vacancy is filled from within the existing workforce.
- 28. When an employee works fewer 35 hours per week.
- 29. A factor of production - the number and skills of business employees.
- 31. The sector of industry that extracts and produces raw materials, e.g. farming.
- 33. A general rise in prices in an economy.
- 35. A surplus of revenue over costs.
- 36. Items that we can survive without.
- 37. Wages paid based on the number of products made.
- 38. The number of subordinates a manager is responsible for.
- 40. Where the personal possessions of business owners can be sold to pay business debts.
- 42. Anyone interested in what a business does.
- 43. The sector of industry concerned with making products, e.g. construction.
- 45. A target for a business to achieve.
- 49. where decision making responsibility is distributed throughout an organization.
- 51. The sector of industry that provides service, e.g. marketing, law or consultancy.
- 52. Where most important decisions are made by a small group of senior managers.
- 53. The lowest amount that an employer can legally pay an employee aged 20 or under.
- 56. An organisation with many layers of management in the hierarchy and narrow span of control.
- 57. An annual form of pay split into twelve monthly instalments.