Across
- 5. Growing integration and interdependence of countries lead to consumers having similar tastes.
- 10. When a company buys over 50% of the shares of another company and becomes the controlling owner.
- 11. A written doc that describes a business, its objectives, strategies, market, financial forecasts.
- 13. (Groups of) People who can be affected by and therefore have an interest in any action by an organization.
- 14. A group of people acting together to meet the common needs and aspirations of its members, sharing ownership and making decisions democratically.
- 15. Buys license from the franchiser to sell products under the business’s name.
- 17. Expansion of a business by means of opening new branches aka organic growth.
- 19. The process of selling differentiated, unrelated goods or services in new markets.
- 22. Land, labor, capital, entrepreneurship.
- 23. A small to medium-sized business that is owned by shareholders who are often members of the same family.
- 24. Moral guidelines that determine decision-making.
- 25. Business expansion achieved by means of merging with or taking over another business from either the same or different country.
- 26. The state of being legally responsible for something.
- 27. Non-tangible products that are sold to the public.
- 29. A legally constituted body with no participation/representation of any government which has a specific aim and purpose.
- 30. A model that shows the degree of risk associated with the 4 growth strategies: market penetration, market development, product development and diversification.
- 31. Physical goods used by industry to aid in the production of other goods and services.
- 33. Applies to businesses that consider the interest of society by taking responsibility for the impact on their decisions and activities on stakeholders.
- 34. Two or more businesses agree to work on a particular project and create a separate business division to do so.
Down
- 1. The number of people in an economy willing and able to work who cannot find employment.
- 2. Someone within a large corporation who takes direct responsibility for turning an idea into profitable finished products.
- 3. A statement of the business’s core aims to motivate employees and to stimulate interest by outside groups.
- 4. A statement of what the organization would like to achieve or accomplish in the long term.
- 6. Comprise org accountable to and controlled by the central or local government.
- 7. A business formed by two or more people to carry on a business together, with shared capital investment and usually shared responsibilities.
- 8. Someone who takes the financial risk of starting and managing a new venture.
- 9. Merger with or takeover of a business in a different industry.
- 12. HRM Operations Marketing Finance and Account.
- 16. Factors that cause average costs of production to rise when the scale of operation is increased.
- 18. Integration with a firm in the same industry and at the same stage of production.
- 20. Agreements between firms in which each agrees to commit resources to achieve an agreed set of objectives
- 21. Physical and tangible products that are sold to the public.
- 28. An organization set up to raise money to help people in need or to support causes that require funding.
- 32. sector Comprise businesses owned and controlled by (groups of) individuals.