Theme 1 key terms

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Across
  1. 4. something that makes a product stand out from its competitors.
  2. 7. someone who creates a business, taking on financial risks with the aim of making a profit from the business.
  3. 8. the difference between the selling price of a product and what it cost to produce.
  4. 11. the positive outcome of running a business such as making a profit.
  5. 13. Total revenue – total costs
  6. 14. When a business achieves its aims and objectives (see topic 1.3.1)
Down
  1. 1. someone who creates a business, taking on financial risks with the aim of making a profit from the business
  2. 2. Where a business fails to achieve its aims and objectives. Failure often refe
  3. 3. someone who buys and uses goods and services.
  4. 5. out of date or not used anymore
  5. 6. entrepreneurial activity. Can also refer to a business or company.
  6. 9. entrepreneurial activity. Can also refer to a business or company.
  7. 10. non-physical items, such as hairdressing.
  8. 12. the likely chance of a negative event occurring such as a business failing.