Across
- 4. Business model where one party is licensed to operate under another’s brand
- 7. Government owned organizations providing goods/services
- 9. Human effort Skills, and time used in production
- 11. Resources fed into the production process
- 12. Industries that provide services rather than goods
- 15. Business owned by a single individual with full control
- 16. Business democratically owned and controlled by members
- 18. Difference between sale price of a product and cost of bought in materials
- 19. Business shared by two or more owners, sharing profits and responsibilities
- 20. Legal responsibility for business debts
- 21. Transfer of ownership from government to private hands
Down
- 1. Land, labour, capital, and enterprise are examples of these
- 2. Company whose shares can be traded on the stock market
- 3. The risk taking organization of resources to produce outputs
- 5. Expenses incurred in producing goods or services
- 6. Income before costs, earned from sales
- 8. Written roadmap including objectives, strategies, and forecasts
- 10. Explains a business's core purpose and values
- 13. Machinery, tools, buildings, and finance used in production
- 14. Someone who combines resources and takes risks to start a business
- 17. Finished goods or services produced by a business
- 21. What's left when revenue exceeds costs