Across
- 2. something an entrepreneur can see as an avenue to success
- 6. the clear, shared sense of direction that allows people to achieve a common goal
- 7. the debts owed by a business to others
- 9. the ability to be resourceful and decide, in an independent way, what to do and when to do it
- 10. a person who sets out to build a successful business in a new field. An entrepreneur’s methods are sometimes regarded as innovative.
- 12. items of value
- 13. money owing to external sources; e.g. a bank
- 14. collecting and analysing information about customers and the business opportunities available
- 15. refers to rivalry among businesses that try to supply the needs and wants of a market
Down
- 1. process whereby a company has become a separate legal entity from its owners (shareholders)
- 3. funds contributed by the business owner(s)
- 4. involves buying the rights from another business to distribute its products under its name
- 5. a summary of the income earned and the expenses incurred over a period of trading
- 8. a business owned and operated by between two and twenty people
- 11. the ability to cope with the ups and downs, adapt well to change and bounce back from challenges