Across
- 1. Is a business that has its own legal identity.
- 4. A tax on foreign goods imported into a country.
- 5. Is another word for a business.
- 7. Are the inputs that businesses use to provide their goods and services.
- 11. Measures all the income earned in a country’s economy in a year.
- 12. The rate at which prices are increasing.
- 13. Means that the personal possessions of the owners of a business are at risk is there are any problems.
- 14. Owned by individuals. E.g. Coca Cola
- 18. Occurs where there is a lack of information about a situation. This means the outcome or consequences are difficult to predict.
- 19. Someone who buys a product from a business.
- 21. (Also known as organic growth) occurs when a business gets bigger by selling more of its products
- 22. Costs Are fixed costs plus variable costs.
- 24. Is the possibility of something going wrong.
- 25. When a the unit costs of production rise as a business expands.
- 30. Is the money paid by banks as a reward to attract people to save them.
- 31. Is a market for buying and selling shares of public limited companies.
- 33. The ability to be an entrepreneur.
- 36. Occurs when one business buys control of another.
- 39. Occurs when a franchisor sells the rights to its products to a franchisee, this is usually in return for a fee and percentage of turnover.
- 40. Individuals and organisations that affected by, and affect, the activities of a business.
- 42. Organisation Is set up to achieve objectives other than profit, for example, a charity.
- 43. Is a person or an organisation that owns part of a company. Each shareholder owns a ‘share’ of the business.
- 46. The cost of borrowing money OR the reward for saving money, expressed as a percentage.
- 47. Occurs when two or more businesses join together to form a new business.
- 49. Is a document setting out what a business does and what it hopes to achieve in the future.
- 50. Are costs that do not change when a business changes its output.
- 51. Is the process of producing a business plan.
- 52. Measures Are policies that governments use to protect their own businesses against foreign competition.
Down
- 2. Occurs when a business uses another business to produce for it.
- 3. Sells a franchise usually in return for a fee and percentage of turnover.
- 6. An intangible product (something you can’t touch), such as financial advice.
- 8. When a private limited company becomes a public limited company and has shares listed on the Stock Exchange.
- 9. the difference between the values of a business’s revenue and its total costs
- 10. Occurs when two or more people join together in a business enterprise to pursue profit.
- 15. Is a specific target that is set for a business to achieve.
- 16. Someone who is willing to take the risks involved in starting a new business.
- 17. When a business’s unit costs of production fall as its output rises and the business expands.
- 20. The act or buying or selling a product using an electronic system such as the internet.
- 23. Buys a franchise usually in return for a fee and percentage of turnover.
- 26. Are goods and services purchased from overseas by consumers or businesses.
- 27. Occurs when two sides discuss what they want and try to reach a solution.
- 28. Is a physical limit on the amount of foreign goods imported into a country.
- 29. Is an agreement between partners that sets out the rules of the partnership, such as how profits will be divided.
- 32. occurs when a business gets bigger by joining or buying other businesses.
- 34. Someone who uses goods and services produced by businesses.
- 35. A physical product, such as a car.
- 37. Is the income a business receives from selling its goods or services. Price x quantity sold.
- 38. Organisation Owned by the government E.g. State schools.
- 41. A business that is set up to help society rather than to make a profit.
- 44. Are the costs that vary directly with the business’s level of output.
- 45. Market price of a share x the number of shares.
- 48. Are the financial rewards paid out to shareholders each year.