Across
- 1. Sets out all of the conditions and responsibilities of the franchisee and franchisor to ensure the rights are clear for both parties.
- 3. A business model that has a physical store presence.
- 4. This refers to the people that provide their skills, effort and knowledge to the business, including the owner and the business' employees.
- 7. Gives the business direction of what the goals they want to achieve are.
- 9. Sells the rights to use the franchise’s business name and distribute its products to a franchisee.
- 12. There is an obligation to make payments for the entire period of the lease which puts pressure on the business' cash flow.
- 15. The external environment and refers to the broad operating conditions which impact a business. A business has no control over this environment.
- 19. the calculated monetary value of a business’s established reputation. Business owner's need to pay goodwill when they are buying an existing business.
- 20. This is a business whose shares are traded on an open market such as the Australian Stock Exchange (ASX) which has an unlimited number of shareholders
- 22. A business that is owned and operated the government.
- 23. This refers to the tools and equipment that is used to produce goods or perform services.
- 25. This is a business with a minimum of 2 and a maximum of 20 owners that is unincorporated.
- 26. Number of main business models
- 29. The environment that refers to the specific outside stakeholders with whom the business operates when conducting its business. A business has some control over this environment.
- 30. This is a form of short-term borrowing that allows a business to overdraw its account up to an agreed amount, meaning the business can withdraw cash even when there is no money in their account.
- 33. A plan that identifies how the business will operate to make profit.
- 36. This is a form of short-term borrowing and is when a supplier provides goods/services to a business and allows them to pay at a later date as determined by the supplier. This is generally between 30 and 90 days after the original purchase.
- 37. A factor to consider when determining business location
Down
- 2. Factors that are outside of a business that impact the business and can be divided into two categories - the operating environment and the macro environment.
- 5. Internal source of finance
- 6. A business model that allows another person to operate it under its name.
- 8. This is a business which has one owner who is the sole person legally responsible for the business and has full decision-making authority.
- 10. of rent or purchase A factor to consider when determining business location
- 11. A type of business that aims to fulfil a community or environmental need
- 13. Disadvantage of a sole trader
- 14. Overarching term for external source of finance
- 16. a business model where goods and services are traded via the internet.
- 17. These are items used by a business that come from the natural environment, such as land, raw materials and water.
- 18. selling goods or services. Examples include reducing poverty and providing employment opportunities to disadvantaged members of society. Whilst social enterprises still aim to make a profit, the primary aim is to address a social issue rather than financially benefits owners or shareholders.
- 21. A business model that aims to fulfil a community or environmental need by selling goods or services.
- 24. This is an incorporated business with a maximum of 50 shareholders.
- 27. Example of what a social enterprise does
- 28. Disadvantage of purchasing an established business
- 31. Factors within the business over which the business has a large degree of control.
- 32. This is a form of long-term borrowing which involves paying money in order to use equipment that is owned by another party.
- 34. Internal source of finance
- 35. The resource of a tractor on a farm
- 38. This is a form of long-term borrowing which are funds provided by a bank or other lender for a specific purpose which is repaid over a period of time.