Across
- 4. The amount by which revenue exceeds costs.
- 9. The sum of fixed costs and variable costs.
- 12. A business culture focused on continuous quality improvement.
- 13. A measure of output produced per worker or per unit of input.
- 14. The amount by which costs exceed revenue.
- 15. The concentration on a particular task or activity to improve efficiency.
- 17. Breaking production into separate tasks performed by different workers.
- 20. The income earned from selling goods or services.
- 22. The difference between the selling price of a product and the cost of bought-in materials.
- 26. The point where total revenue equals total costs.
- 27. Increases in average costs as a business becomes too large.
- 28. Costs that do not change with the level of output.
Down
- 1. The difference between current output and break-even output.
- 2. Producing a single unique product made to customer requirements.
- 3. Reductions in average costs as the scale of production increases.
- 5. The considerations that influence a business location decision.
- 6. Producing large quantities of standardised products continuously.
- 7. Basic facilities such as roads, ports and telecommunications.
- 8. Checking products during or after production for defects.
- 10. Producing a set number of identical products at one time.
- 11. The workforce available to a business.
- 16. The degree to which a product meets customer expectations.
- 18. Costs that change according to the level of output.
- 19. A system designed to prevent defects and ensure consistent quality.
- 21. The business function responsible for producing goods and services.
- 23. The place where a business chooses to operate.
- 24. The process of converting resources into goods and services.
- 25. Businesses that provide raw materials, components or services.