Across
- 1. The ability to adapt and change easily to different circumstances or requirements. In a business context, it refers to the capacity of an organization to respond and adjust to changing market conditions or customer needs.
- 4. The state of being free from external control or reliance on others. It can also refer to the freedom to make decisions and act without interference.
- 6. A company that is not publicly traded on the stock exchange. Its shares are held by a limited number of shareholders and are not available for public investment.
- 8. Being free from outside control or influence. In a business context, it may refer to an individual or organization operating on their own, without being part of a larger entity or corporation.
- 9. Also known as a sole proprietorship, it is a business structure where an individual runs and owns the entire business. The owner is personally responsible for all debts and liabilities of the business.
- 11. A legal business structure where two or more individuals or entities collaborate to run a business together. Each partner shares profits, losses, and responsibilities according to the terms of the partnership agreement.
Down
- 2. The legal responsibility for one's actions or debts. In a business context, it refers to the company's debts and obligations that it is legally bound to fulfill.
- 3. A person or business that provides goods or services under a contract. Contractors are usually hired for a specific project or period, and they are not employees of the company they work for.
- 5. In the business context, it can refer to a state of equilibrium between different aspects, such as balancing financial accounts, work-life balance for employees, or balancing risk and reward in decision-making.
- 7. An individual or entity that purchases goods or services from a business. Customers are essential to the success of any business as they generate revenue.
- 10. The possibility of loss, harm, or danger. In a business context, it refers to the chance that an investment or business decision may lead to unfavorable outcomes.
