Across
- 2. involves setting high prices when a product is introduced and then gradually lowering the price as more competitors enter the market
- 3. monies owed, by the business, to other people or other businesses
- 6. income is to be greater than your expenses.
- 9. costs that relate to the amount of products and services the business provides.
- 11. employees have a tertiary qualification from an institution of higher learning.
- 12. the amount of money that is spent to produce goods or services before any profit is added for the manufacturer or producer
- 13. also known as overhead expenses
- 15. capital is needed to run the business from day to day.
Down
- 1. understanding financial concepts and having the skills associated with money management that enable you to make smart decisions with your money.
- 4. a business that is not controlled or regulated by the government.
- 5. items that have monetary value and are owned by the business.
- 7. a group of people you are aiming to sell your products to.
- 8. a written plan on how to spend future income.
- 10. type of capital that includes Land and buildings, machinery and equipment, vehicles, and other fixed assets.
- 12. assets that can be converted into cash within the next year
- 14. payment for services and consumable goods that the business buys in order to keep the business running.