Across
- 4. a good or service which is essential to living.
- 6. Compare the business performance to its objectives and make any changes if required
- 7. people who are affected by the actions and activities of a business
- 11. the natural resources obtained from nature
- 12. the money earned by a business when its total revenue exceeds its total expenses
- 14. occurs when a person or organization concentrates on a task which they are great at
- 16. the person who owns and controls a business
- 17. reward for land
- 19. reward for labour
- 20. they complete the task or job assign to them
Down
- 1. is any organization that uses all the factors of production (resources) to create goods and services to satisfy human wants and needs.
- 2. ordinary and necessary costs incurred to operate your business
- 3. a business organization owned and controlled by one person
- 5. the risk taking ability of the person who brings the other factors of production together to produce a good or service.
- 8. a form of business organization in which a firm buy the right to use the name, logo and product of an existing business
- 9. there are not enough goods and services to meet the wants of the population
- 10. the next best alternative for one by choosing another item
- 13. a legal agreement between two or more people to own and manage a business jointly to share all profits
- 15. the amount received from your customers for the goods or services that you have sold to them.
- 18. how much of the capital will come from savings and how much will come from borrowings