Across
- 1. A business ownership structure where two or more people share ownership and responsibility
- 4. The ability of a business to compete effectively in the market against rivals
- 6. leadership A leadership style where the leader inspires and motivates employees to achieve change
- 8. The stage of the business life cycle where a business expands sales and market share
- 9. Individuals or groups who have an interest in the actions and performance of a business
- 10. statement A statement explaining why a business exists and what it aims to achieve
- 12. The ability of a business to use resources effectively to achieve goals
- 13. A statement describing the long-term purpose and future direction of a business
- 14. The stage of the business life cycle where a business is first established and begins operations
- 18. leadership A leadership style where managers give clear directions and expect employees to follow them
- 19. The stage of the business life cycle where growth slows and competition increases
- 20. The shared values, beliefs and behaviours that influence how people work in a business
Down
- 2. An analytical tool used to analyse political, economic, sociocultural and technological factors
- 3. planning The process where managers set goals and determine strategies to achieve them
- 5. An analytical tool used to identify strengths, weaknesses, opportunities and threats
- 7. environment External factors such as customers, suppliers and competitors that directly affect a business
- 11. structure The internal structure showing roles, responsibilities and reporting relationships in a business
- 15. company A business ownership structure where the company is a separate legal entity and owners have limited liability
- 16. A short-term action used to implement a strategy and achieve an objective
- 17. business functions The main functional areas of a business including marketing, operations, finance and human resources