Across
- 2. _______________ integration is when a firm merges with another firm in the same industry and the same stage of production.
- 6. _______________ integration can be forward or backward.
- 11. One advantage of division of labour is increased _______________ and output.
- 13. A business in the public sector is owned by the _______________.
- 15. When a restaurant owner opens other restaurants in other neighbourhoods, it is an example of _______________ growth.
Down
- 1. One advantage of a conglomerate integration is diversifying activities and spreading risks.
- 3. An entrepreneur should be _______________ to put new ideas into practice in interesting and different ways.
- 4. One way to increase added value is to increase the _______________ price.
- 5. _______________ occurs when people and businesses concentrate on what they are best at.
- 7. Some business owners remain small to avoid the _______________ of running a large business.
- 8. The secondary sector of industry _______________ goods using raw materials provided by the primary sector.
- 9. Businesses may want to expand to gain a larger _______________ of the market.
- 10. A bank will ask an entrepreneur for a business _______________ before agreeing to a loan to finance the new business.
- 12. Businesses in the private sector aim to _______________ profits.
- 14. One reason governments offer support to entrepreneurs is to reduce _______________.