Across
- 5. The sacrifice we make whenever we decide to do anything; the loss of other alternatives when one alternative is chosen
- 6. The line of authority along which communication passes.
- 9. When a business uses another business to produce for it; a method of internal growth
- 11. A long-term loan from a bank or building society that is used to buy land and buildings
- 12. Methods of production which can be continued in the long term without damage to the environment.
- 13. The passing down of authority to more junior employees
- 14. A benefit of an effective recruitment and selection process; a benefit of motivating employees.
- 15. A pricing method; products are priced by covering the cost of it to the business and then adding a percentage on top.
Down
- 1. A product with a high market share in a low-growth market; part of the Boston Matrix
- 2. A factor of production
- 3. A document that sets out the qualifications and skills required by an employee to do a particular job
- 4. This type of business can raise finance by selling shares on the Stock Exchange
- 7. Benefits can include an increase in output, reduction in unit costs and specialisation of workers.
- 8. This will increase if a business has well trained and motivated employees.
- 10. A method of external growth