Unit 1

1. The type of liability where business owners are only responsible for debts up to their investment
5. A sector of industry that turns raw materials into finished products
8. A business activity that provides an intangible product rather than a physical one
10. A legal business structure that sells shares on the stock exchange
11. A method of business growth where two companies combine into one
14. The financial concept that considers the next best alternative decision

2. A benefit of business growth that reduces the cost per unit produced
3. The name for the resources land, labour, capital, and enterprise
4. The process of increasing the size of a business through organic or external methods
6. The concept that business environment is constantly changing
7. A type of expansion where a business allows others to use its brand and business model
9. A group or individual affected by or affecting a business
12. A method of business expansion where a company sells products online
13. A document outlining a business strategy, objectives, and financial projections
15. A sector of industry involved in extracting raw materials from the earth