Lesson 2 Business Terminology

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Across
  1. 3. PAYABLE/CREDITOR-People you owe money to as a business
  2. 4. Buying goods or services from overseas country
  3. 6. An official inspection of businesses’, or individuals, accounts.
  4. 7. Property owned by a business that has value or a future benefit.
  5. 11. Selling your goods or services to overseas countries
  6. 12. A period of severe economic decline.
  7. 16. Making donations to charities in order to improve human well-being.
  8. 19. The purchase of one company or resources by another
  9. 20. Amount of money received by a business for goods or services sold.
  10. 21. Businesses that can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan.
  11. 22. A short and striking or memorable phrase used in advertising.
  12. 24. When two or more businesses are combined into one.
  13. 25. The promotion of a particular product or business by means of advertising and differentiating them from competing products
Down
  1. 1. RECEIVABLE/DEBTOR-People who owe money to you as a business
  2. 2. Setting up a new business idea, taking on financial risks in the hope of profit
  3. 5. When new products, services, customers or markets are added to a company’s portfolio
  4. 8. Money paid regularly by a company to its shareholders in return of their shares.
  5. 9. A general increase of the price of goods and services within an economy
  6. 10. Money invested into a company or project by its owners.
  7. 13. Any item which can be freely and legally bought and sold.
  8. 14. An owner of shares in a company.
  9. 15. The reduction in the value of assets over time, usually due to wear and tear
  10. 17. Recording, analyzing and reporting of financial transactions of a business.
  11. 18. A symbol or other design adopted by an organization to identify itself.
  12. 23. Is when a business owes to another party such as loans, accounts payable and unpaid wages