ULIS_IBDP1_SL_Subunit 1.1 What is a business?

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Across
  1. 5. focused on information technology (it) businesses and information service providers such as research and development, business consulting and information gathering.
  2. 6. an entrepreneur who has the foresight and driving force behind an organization’s growth and development
  3. 10. intangible products that are sold to the general public and include hotel accommodation
  4. 11. general term not only includes land itself but all of the renewable and non-renewable resources of nature such as coal, crude oil and timber.
  5. 12. manual and skilled labor make up the workforce of the business.
  6. 13. making goods and services more desirable to – and thus valued by – the final customer or consumer.
  7. 15. refers to the knowledge, skills and experiences of individuals who have the capability to manage the overall production process.
  8. 17. goods that are used by an industry to aid in the production of other goods and services such as machines and commercial vehicles.
  9. 18. firms engaged in farming, fishing, oil extraction and all other industries that extract natural resources so that they can be used and processed by other firms.
Down
  1. 1. this department is responsible for market research and for analyzing the results of such research so that consumer wants can be correctly identified.
  2. 2. once known simply as the ‘production function’, it has the responsibility for ensuring adequate resources are available for production, maintaining production and quality levels and achieving high levels of productive efficiency.
  3. 3. the aim of this business function is to manage human resources to help the business achieve its overall objectives.
  4. 4. firms that provide services to consumers and other businesses, such as retailing, transport, insurance, banking, hotels, tourism and telecommunications.
  5. 7. firms that manufacture and process products from natural resources, including computers, brewing, baking, clothing and construction.
  6. 8. consists of the finance needed to set up a business and pay for its continuing operations as well as all resources used in production.
  7. 9. this function has responsibility for monitoring the flow of finance into and out of the business, keeping and analyzing accounts and providing financial information to both senior management and other departments.
  8. 14. the physical and tangible goods sold to the general public.
  9. 16. any organization that uses resources to meet the needs of customers by providing a product or service that they demand.