Across
- 8. This type of business is low cost and easy to set up but may be harder to raise finance for
- 14. A management style where the manager and employees come together to make decisions as a team.
- 15. one interest of these stakeholders include a return on their investment
- 17. The extent to which a business achieves its stated objectives.
- 19. A management style where the manager leaves the majority of decision-making and authority with employees
- 21. Those that provide resources to a business which are then used in the production of a good or service
- 22. If ____ is limited when completing a task, an autocratic style may be the most effective
- 23. A benefit of this is that it is easier to raise capital
- 25. A management style where the manager seeks the ideas and opinions of employees before they make a final decision
- 26. A disadvantage of this type of business is the owners have limited control over business operations with an unlimited number of shareholders
- 27. A disadvantage of this type of business is that there is a restricted number of shareholders limiting ability to raise capital
- 28. This is a business' sales as a percentage of the total sales in the industry.
- 29. This management skill is used to inform other key stakeholders about important information
- 30. The ability to influence and motivate people towards the achievement of business objectives
Down
- 1. The transfer of authority and responsibility from a manager to an employee to carry out specific activities
- 2. Benefit of a partnership in setting up
- 3. The ability to set a business' objectives and determine strategies for achieving them.
- 4. Those that purchase goods/services from a business
- 5. Leadership helps ensure employees have a sense of _________ in where the business is going
- 6. A bread manufacturer purchasing new technology in order to produce bread more quickly may be trying to achieve which business objective?
- 7. Appropriate management style to use when there is a short amount of time available and employees are inexperienced.
- 9. Those who are hired by the business to complete work in exchange for a wage or salary, carrying out tasks for the achievement of business objectives
- 10. These skills may be needed when using a consultative style to develop positive working relationships and help in generating effective two-way discussion.
- 11. The ability to select an appropriate course of action from a range of alternatives
- 12. This type of decision-making results in some loss of management control
- 13. Disadvantage of a sole trader
- 14. Appropriate management style to use when decisions require the knowledge and experience of management but require the support of employees.
- 16. An airline reducing their prices to try and attract more customers may be trying to achieve which business objective?
- 18. If employees are very ___________, a laissez-faire style may be more appropriate
- 20. Business objective when a business seeks to benefit the community
- 24. Compared to sole traders and partnerships, a benefit of a public listed company is that the business and owners are not combined, rather it is a...