Paper 2 Business

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Across
  1. 4. A business approach that considers the interests of all stakeholders, including employees, customers, and the wider community
  2. 5. Costs that change directly in proportion to the level of output or production, such as raw materials
  3. 7. The value of one currency compared to another, which affects the cost of imports and exports
  4. 13. The amount left from sales revenue after variable costs have been deducted, used to cover fixed costs and profit
  5. 15. Business expansion through mergers, takeovers, or acquisitions of other firms
  6. 17. An organisational culture focused on teamwork and completing specific projects or tasks
  7. 18. A Japanese management approach focused on continuous, incremental improvements in processes and efficiency
  8. 19. The percentage of a business’s maximum possible output that is actually being produced
  9. 20. A stock control system where materials and products are ordered and received only when needed, reducing waste and storage costs
Down
  1. 1. A business approach that prioritises maximising returns for shareholders, such as profits and dividends
  2. 2. An organisational culture based on clearly defined roles, responsibilities, and hierarchical structures
  3. 3. A framework used to analyse external factors affecting a business: political, economic, social, technological, legal, and environmental
  4. 6. An individual who invests their own money into a start-up business, usually in exchange for a share of ownership (equity)
  5. 8. Business expansion achieved internally through increasing sales, developing new products, or entering new markets
  6. 9. Costs that do not change with the level of output in the short term, such as rent or salaries
  7. 10. The final profit a business makes after all costs, including expenses, interest, and tax, have been deducted from revenue
  8. 11. A measure of profitability, usually expressed as a percentage, showing profit as a proportion of revenue
  9. 12. A liquidity ratio that measures a firm’s ability to meet short-term debts using current assets excluding inventory
  10. 14. A strategic tool used to analyse a business’s internal strengths and weaknesses, and external opportunities and threats
  11. 16. The amount of output produced per unit of input, such as output per worker or per hour worked