Across
- 4. a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee
- 5. one of the four factors of production, employees
- 6. a portion or percentage of a company
- 7. liability – legal obligations to pay debts that the business has itself, while the owners own assets are not at risk
- 9. one of the four factors of production, the physical space and natural resources
- 10. one of the four factors of production, the assets that allow for increased work productivity (money, equipment)
- 11. liability – legal obligations that sole traders and partners have personally, because they are liable for all business debts if the business can't pay its dues
Down
- 1. one of the four factors of production, ideas and drive, which are used together to make a successful business
- 2. goods that are bought and sold in business
- 3. a legal relation existing between two or more persons in a business, that are bound by contract
- 8. business that has just one owner who pays personal income tax on profits earned from the business