Schedule 1a and 1b

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Across
  1. 1. Integration through merging with or taking over a supplier.
  2. 7. Total Cost ÷ Output.
  3. 12. When a LTD becomes a PLC and sells shares on the stock market.
  4. 13. Price X Sales
  5. 16. A factor of production - the ideas and skills of entrepreneurs who create businesses.
  6. 17. A physical product.
  7. 19. Selling goods via a website.
  8. 22. Someone willing to take risks to start a business.
  9. 24. Someone who USES a good or service.
  10. 25. An intangible product.
  11. 27. The owners of a PLC or LTD businesses.
  12. 29. The cost of the next best alternative foregone up when a decision is made.
  13. 32. The sector of industry that makes products, e.g. construction.
  14. 34. When two or more people own and run a business.
  15. 36. Non-essential items that we would like but can survive without.
  16. 37. Integration through merging with or taking over a customer.
  17. 39. The functional area responsible for hiring, motivating and training staff.
  18. 41. A specific target for a business to achieve.
  19. 42. The sector of industry that extracts and produces raw materials, e.g. farming.
  20. 43. When the average cost of stock is reduced due to buying in bulk.
  21. 45. A diseconomy of scale that happens when workers feel less important due to the larger size of the business.
  22. 46. Merging or taking over a company in an unrelated industry.
  23. 47. A limited liability company whose shares can be bought the stock market.
  24. 48. A general rise in prices in an economy.
  25. 49. Integration by merger or takeover of a company in the same industry and stage of production.
  26. 50. Revenue - Total Costs
  27. 51. When personal possessions of an entrepreneur can be sold to pay business debts.
Down
  1. 2. Growth by merger or takeover also called inorganic growth.
  2. 3. A legal agreement between partners.
  3. 4. A business that tries to help society rather than make a profit.
  4. 5. A surplus of revenue over costs.
  5. 6. A factor of production - the number and skills of business employees.
  6. 8. The functional area responsible for raising awareness and encouraging sales.
  7. 9. Growth by, for example, opening new stores, franchising, outsourcing or e-commerce.
  8. 10. Where average cost increases as output increases.
  9. 11. When bigger firms can reduce the average cost of production by using up to date machinery and equipment.
  10. 14. A stakeholder whose objective is good pay, good working conditions and job security.
  11. 15. A business owned and controlled by one person.
  12. 18. Where average cost is reduced as output increases.
  13. 20. A factor of production - where a business is located and natural resources used.
  14. 21. Anyone interested in or affected by what a business does.
  15. 23. The inputs that businesses use to provide their goods or services.
  16. 26. Someone who PURCHASES a good or a service.
  17. 28. Where a business uses outside companies to produce a good or provide a service.
  18. 30. A factor of production – Equipment and machinery used in production.
  19. 31. A type of company whose shares cannot be bought on the stock market.
  20. 33. The functional area responsible for managing company money.
  21. 35. The word used to describe the constantly changing external environment.
  22. 38. The sector of industry that provides service, e.g. marketing, banking or law.
  23. 40. A shareholders portion of company profits.
  24. 44. The functional area responsible for manufacture.
  25. 48. The cost of borrowing or reward for saving money.