Across
- 5. A legal protection where shareholders only lose the amount they invested if the business fails.
- 7. Higher average costs of production as a firm grows too large and becomes inefficient.
- 8. The concept that a business should act ethically and be accountable for its impact on society.
- 9. An individual who plans organizes and manages a business taking on financial risks for profit.
- 11. When a business expands using its own resources like increasing production or opening new branches.
- 13. The sector of the economy that provides services such as banking, retail, and tourism.
- 17. A business owned by shareholders with limited liability but whose shares cannot be bought by the general public.
- 19. An optimistic and long-term declaration of what the organization ultimately wants to become.
- 22. A business owned by 2 to 20 people who share profits and legal responsibilities.
- 25. Short term goals set by middle management to achieve the broader strategic aims.
- 27. A self-employed person who runs and owns the business alone.
- 28. A framework used to analyze the external environment including Social and Technological factors.
Down
- 1. The sector of the economy focused on intellectual activities like R&D and IT consultancy.
- 2. Two or more businesses agree to split the costs and risks of a specific new project.
- 3. The concept that the combined value and performance of two companies will be greater than the sum of the separate parts.
- 4. The sector of the economy involved in manufacturing or constructing finished products.
- 6. A simple declaration of why an organization exists and its current purpose.
- 9. Lower average costs of production as a firm operates on a larger scale.
- 10. The legal obligation of a sole trader to pay all business debts even using personal assets.
- 12. A company that allows the general public to buy and sell its shares on a stock exchange.
- 14. An individual who behaves like an entrepreneur but within a large organization.
- 15. An agreement where a business sells the right to others to provide its products under its brand name.
- 16. The sector of the economy involved in the extraction or harvesting of natural resources.
- 18. A non-profit social enterprise that operates in the private sector for the benefit of society.
- 20. Growth achieved through dealings with outside organizations like mergers or joint ventures.
- 21. Long term goals set by senior management to guide the entire organization.
- 23. When the interests of different groups like employees and shareholders cannot be satisfied at the same time.
- 24. A revenue generating business with primarily social or environmental objectives.
- 26. Any individual or group with a direct interest in or affected by the activities of a business.