Unit 1 AOS 2

4. Location, the place where a business operates.
7. a business owned by shareholders with limited liability.
8. Study, checking if a business idea is practical and achievable.
10. Trader, a business owned and run by one person.
12. Resources, durable assets like machinery used to run a business.
15. Resource, the employees and their skills that are used to run a business.
16. of Finance, ways a business can obtain money.

1. a business owned and managed by two or more people.
2. a business operating under an established brand name.
3. Plan, a document outlining how a business will operate.
4. Support Services, organisations that help businesses operate successfully.
5. Research, collecting information about customers and competitors.
6. Social Responsibility (CSR), acting ethically and responsibly in business.
9. introducing new ideas or improvements in a business.
11. people or groups affected by a business.
13. Business Structure, the ownership type of a business.
14. Resources, Materials or substances that occur in nature used to run a business.