Across
- 2. Easier to raise in a partnership than a sole trader.
- 4. Often easier to obtain when purchasing an existing business than starting a new business from scratch due to the reduced risk.
- 6. Businesses which are owned and operated by the government.
- 7. Maximum number of shareholders a private limited company can have.
- 9. Franchisors provide this to franchisees.
- 10. Likely to be lower for online businesses than bricks-and-mortar businesses.
- 12. Command term which requires you to explain similarities and differences between two concepts.
- 16. Owner does not have to share this in a sole trader.
- 17. More likely to occur in a partnership than a sole trader.
- 18. An extra cost involved in purchasing an existing business which is related to its existing reputation.
- 19. Maximum number of owners a partnership can have.
- 20. Normally lower when purchasing a franchise than for independent businesses.
- 21. The personal assets of owners of both sole traders and partnerships are at risk due to this.
- 24. A business has no control over this external pressure.
Down
- 1. Command term which requires you to consider two sides of an argument and then provide a concluding statement justifying your overall opinion.
- 3. Factor from the operating environment.
- 5. When a business is a the same legal entity as the owner(s).
- 8. Command term which requires you to consider two sides of an argument ie. positives and negatives/limitations.
- 11. Likely to be lower initially when establishing a new business in comparison with purchasing an existing business.
- 13. A factor from a business' internal environment.
- 14. A benefit of private limited companies and public listed companies.
- 15. Indicates a business is a private limited company.
- 22. Environment a business has a lot of control over.
- 23. Benefit from social enterprises.
