UNDERSTANDING BUSINESS....SO FAR!!!

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Across
  1. 3. Businesses in this sector of industry provide services (8)
  2. 8. Organisations in this sector of the economy are owned by the government and controlled by elected officials (6)
  3. 9. Core activities of businesses in this sector of industry is extracting natural resources from the earth (7)
  4. 11. A business owned and controlled by 2 - 20 people known as Partners (11)
  5. 15. A business owned and controlled by 1 person (4, 6)
  6. 16. These are the natural resources required to set up and run a business (4)
  7. 17. This Factor of Production refers to the employees of the business (6)
  8. 18. This type of liability means the business' owners are not legally responsible for paying the debts of the business (7)
  9. 19. Both types of Limited Companies are controlled by a Board of ? (9)
Down
  1. 1. Businesses in this sector of industry provide knowledge and information-based services (10)
  2. 2. Businesses in this sector of industry manufacture goods to be sold (9)
  3. 4. This is added to a commodity as it goes through the sectors of industry and different processes are done at each stage to make it more valuable to a consumer (5)
  4. 5. This type of liability means that the business' owners are legally responsible for the debts of the business (9)
  5. 6. This is the idea that the entrepreneur has for what the business will do (10)
  6. 7. These are man-made resources required to set up and run a business (7)
  7. 10. In this type of Limited Company, shareholders have to be invited to buy shares in the business (7)
  8. 12. Organisations in this sector of the economy are controlled by a board of trustees and are funded mainly through donations and fundraising activities (5)
  9. 13. These are things, as consumers, we do not need for survival but we buy them as they makes life easier and better (5)
  10. 14. These are things we, as consumers, must have for survival (5)
  11. 20. The minimum number of shareholders and directors a public limited company must have to be allowed to operate (3)