Across
- 3. the next best alternative forgone by choosing another item.
- 4. new or small firms usually have it as a primary objective.
- 5. the value added to the product when sold
- 9. the natural resources that can be obtained from nature
- 10. a subset of a population that is used to represent the entire group as a whole
- 12. the finance, machinery and equipment needed for the production of goods and services
- 16. a formal arrangement by two or more parties to manage and operate a business and share its profits
- 18. an individual who creates a new business
- 19. a good or service essential for living.
- 20. company which is privately held for small businesses
- 22. the specific, measurable results that companies hope to maintain as their organisation grows.
- 23. taxes on imports
- 25. products are being sold in markets all over the world, so there are more competitors in the market
- 26. the basic economic problem
- 27. income, especially when of an organization and of a substantial nature
- 28. the money required in the business.
- 29. method of distributing products or services involving a franchisor
Down
- 1. an agreement between two or more businesses to work together on a project.
- 2. an asset that a lender accepts as security for a loan
- 6. the form of recording , watching, auditing.
- 7. selling the same product to the whole market with no attempt to target groups with in it
- 8. recruitment when a vacancy is filled by an existing employee of the business.
- 9. the physical and mental efforts put in by the workers in the production process
- 11. a good or service that people would like to have
- 13. any fault in equipment that can halt production and waste valuable time.
- 14. when one business buys out the owners of another business
- 15. a reward, cash or otherwise, that a company gives to its shareholders
- 17. the output measured against the inputs used to produce it.
- 21. a self-employed person who owns and runs their business as an individual
- 24. the owners of a limited company