The nature of business

1. The act of people performing a vast range of services for others.
4. The acronym for small to medium enterprises.
7. Aspects outside a company that can affect its operations and success.
10. Has no separate legal existence from its owners.
11. After all business expenses have been deducted from revenue.
13. The process companies go through to become a separate legal entity from the owners.
14. People who buy goods and services from businesses.
15. A fixed regular payment from employer to employee.
16. A legal business structure that is owned and operated by between two and 20 people.
18. The most common type of company structure in Australia.
19. The businesses involved in the collection of natural resources.

2. People who take risks within a business to make a profit.
3. Things that have the potential to affect business performance but that managers can influence.
5. The owner of shares in a company
6. A legal process where a business is declared unable to pay their debts.
8. A physical asset that can be bought and sold from one person to another.
9. When a company sells whatever they can to pay off debts.
12. A person who owns a company.
17. The act of providing something to someone in exchange for money.