TECHNICAL VOCABULARY STUDIED

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Across
  1. 4. A TYPE OF INTEGRATION IN WHICH ONE FIRM MERGES WITH OR TAKES OVER ANOTHER ONE IN THE SAME INDUSTRY AND THE SAME STAGE OF PRODUCTION.
  2. 9. THE NUMBER OF PEOPLE AVAILABLE TO MAKE PRODUCTS.
  3. 10. THE DIFFERENCE BETWEEN THE SELLING PRICE OF A PRODUCT AND THE COST OF MATERIALS.
  4. 11. THE SPLITTING UP OF THE PRODUCTION PROCESS INTO DIFFERENT TASKS, EACH CARRIED OUT BY A DIFFERENT WORKER.
  5. 12. A PERSON WHO ORGANISES, OPERATES AND TAKES THE RISK FOR A NEW BUSINESS VENTURE.
  6. 13. A GOOD OR SERVICE ESSENTIAL FOR LIVING.
  7. 14. THE SECTOR OF THE INDUSTRY WHICH PROVIDES SERVICES TO CONSUMERS AND THE OTHER SECTORS OF THE INDUSTRY.
Down
  1. 1. THE TYPE OF LIABILITY IN WHICH THERE IS NO SEPARATE LEGAL IDENTITY.
  2. 2. A BUSINESS OWNED BY ONE PERSON.
  3. 3. THE MONEY INVESTED INTO A BUSINESS BY THE OWNERS.
  4. 5. THE NEXT BEST ALTERNATIVE GIVEN UP BY CHOOSING ANOTHER ITEM.
  5. 6. A BUSINESS BASED UPON THE USE OF THE BRAND NAMES, PROMOTIONAL LOGOS AND TRADING METHODS OF AN EXISTING SUCCESSFUL BUSINESS.
  6. 7. A TYPE OF GROWTH IN WHICH A BUSINESS EXPANDS ITS EXISTING OPERATIONS.
  7. 8. THE AGREEMENT BETWEEN TWO OR MORE FIRMS TO START A NEW PROJECT TOGETHER, SHARING THE CAPITAL, THE RISKS AND THE PROFITS.
  8. 11. PAYMENTS MADE TO SHAREHOLDERS FROM THE PROFITS OF A COMPANY.